Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Decline in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,017 shares, a decrease of 94.1% from the April 15th total of 34,445 shares. Based on an average daily trading volume, of 170,164 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity Low Duration Bond Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLDR. Royal Bank of Canada grew its position in Fidelity Low Duration Bond Factor ETF by 170.5% during the 1st quarter. Royal Bank of Canada now owns 88,616 shares of the company’s stock worth $4,441,000 after purchasing an additional 55,851 shares during the period. Jane Street Group LLC grew its position in Fidelity Low Duration Bond Factor ETF by 14.9% during the 1st quarter. Jane Street Group LLC now owns 38,793 shares of the company’s stock worth $1,944,000 after purchasing an additional 5,044 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Fidelity Low Duration Bond Factor ETF during the 2nd quarter worth about $25,000. Raymond James Financial Inc. grew its position in Fidelity Low Duration Bond Factor ETF by 2,486.6% during the 2nd quarter. Raymond James Financial Inc. now owns 578,139 shares of the company’s stock worth $28,947,000 after purchasing an additional 555,788 shares during the period. Finally, Bank of America Corp DE boosted its position in Fidelity Low Duration Bond Factor ETF by 7.5% in the 2nd quarter. Bank of America Corp DE now owns 254,599 shares of the company’s stock worth $12,748,000 after purchasing an additional 17,670 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Trading Down 0.0%

Shares of BATS:FLDR opened at $50.11 on Tuesday. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62. The company’s 50 day moving average is $50.16 and its 200 day moving average is $50.26.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.