Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Shorted: Short Interest Down 76.7% in October

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 9,921 shares, a drop of 76.7% from the October 15th total of 42,616 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 58,460 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its position in Fidelity Corporate Bond ETF by 32.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 392,471 shares of the company’s stock valued at $17,520,000 after acquiring an additional 95,648 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Fidelity Corporate Bond ETF by 15.3% during the first quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock worth $11,127,000 after purchasing an additional 31,357 shares during the period. Lakeshore Capital Group Inc. grew its stake in shares of Fidelity Corporate Bond ETF by 11.6% in the third quarter. Lakeshore Capital Group Inc. now owns 85,220 shares of the company’s stock worth $3,804,000 after purchasing an additional 8,869 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Corporate Bond ETF in the third quarter worth $3,445,000. Finally, Bank of America Corp DE grew its stake in shares of Fidelity Corporate Bond ETF by 1.0% in the first quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after purchasing an additional 608 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

Shares of FCOR stock opened at $45.23 on Thursday. The business’s 50-day moving average price is $45.31 and its 200-day moving average price is $46.73. Fidelity Corporate Bond ETF has a 12 month low of $44.39 and a 12 month high of $48.63.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.