Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Short Interest Report for October

Fidelity Total Bond ETF (NYSEARCA:FBND) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,702,412 shares, an increase of 631.7% from the October 15th total of 642,669 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 4,367,864 shares, the short-interest ratio is presently 1.1 days.

Fidelity Total Bond ETF Trading Down 0.7%

NYSEARCA FBND opened at $44.04 on Wednesday. The business’s 50 day moving average is $43.98 and its two-hundred day moving average is $45.21. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $37,000. Manning & Napier Advisors LLC purchased a new position in Fidelity Total Bond ETF in the first quarter valued at about $53,000. Mosley Wealth Management purchased a new position in Fidelity Total Bond ETF in the third quarter valued at about $64,000. Finally, Archer Investment Corp lifted its position in shares of Fidelity Total Bond ETF by 17.2% during the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares during the period.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.