Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 79,609 shares, a growth of 1,516.8% from the January 29th total of 4,924 shares. Based on an average daily volume of 42,945 shares, the short-interest ratio is currently 1.9 days. Approximately 1.1% of the company’s shares are short sold. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 42,945 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Fidelity Limited Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLTB. Global Retirement Partners LLC grew its position in shares of Fidelity Limited Term Bond ETF by 3,519.4% during the 3rd quarter. Global Retirement Partners LLC now owns 84,513 shares of the company’s stock worth $4,281,000 after buying an additional 82,178 shares during the period. Flow Traders U.S. LLC acquired a new position in Fidelity Limited Term Bond ETF in the second quarter valued at approximately $1,492,000. Centurion Wealth Management LLC bought a new position in Fidelity Limited Term Bond ETF in the third quarter valued at approximately $1,018,000. Focus Partners Advisor Solutions LLC grew its holdings in Fidelity Limited Term Bond ETF by 11.2% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 23,446 shares of the company’s stock worth $1,182,000 after acquiring an additional 2,367 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Fidelity Limited Term Bond ETF by 19.3% during the 2nd quarter. Osaic Holdings Inc. now owns 96,898 shares of the company’s stock worth $4,888,000 after acquiring an additional 15,702 shares during the period. 2.01% of the stock is owned by institutional investors.

Fidelity Limited Term Bond ETF Stock Performance

FLTB traded up $0.06 during mid-day trading on Friday, reaching $50.86. The stock had a trading volume of 12,521 shares, compared to its average volume of 50,299. The firm’s fifty day simple moving average is $50.80 and its two-hundred day simple moving average is $50.76. The stock has a market capitalization of $361.08 million, a P/E ratio of 32.19 and a beta of 0.10. Fidelity Limited Term Bond ETF has a 52 week low of $49.41 and a 52 week high of $51.15.

Fidelity Limited Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be issued a $0.165 dividend. The ex-dividend date is Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.9%. Fidelity Limited Term Bond ETF’s dividend payout ratio (DPR) is currently 137.97%.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.