Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Update

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 9,813 shares, a decrease of 53.6% from the January 15th total of 21,130 shares. Based on an average daily volume of 43,726 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 43,726 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in FCOR. Sunbelt Securities Inc. boosted its position in Fidelity Corporate Bond ETF by 8,233.3% in the third quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after buying an additional 988 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Corporate Bond ETF in the third quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter worth approximately $76,000. Asset Dedication LLC acquired a new position in shares of Fidelity Corporate Bond ETF in the 2nd quarter worth approximately $79,000. Finally, PFG Investments LLC grew its position in Fidelity Corporate Bond ETF by 6.6% during the 3rd quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock worth $249,000 after acquiring an additional 320 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

FCOR stock traded up $0.13 during trading on Friday, hitting $48.33. The company had a trading volume of 37,482 shares, compared to its average volume of 39,756. The company has a fifty day moving average price of $47.97 and a two-hundred day moving average price of $47.98. Fidelity Corporate Bond ETF has a fifty-two week low of $45.00 and a fifty-two week high of $48.79.

Fidelity Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were paid a $0.168 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, January 29th.

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.