Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Large Decrease in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 16,940 shares, a drop of 57.3% from the May 31st total of 39,706 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 221,995 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Low Duration Bond Factor ETF Price Performance

Shares of FLDR stock opened at $50.12 on Tuesday. Fidelity Low Duration Bond Factor ETF has a 12-month low of $49.02 and a 12-month high of $50.62. The firm has a 50-day moving average price of $50.15 and a 200 day moving average price of $50.21.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLDR. Anson Capital Inc. raised its position in Fidelity Low Duration Bond Factor ETF by 1.9% in the 4th quarter. Anson Capital Inc. now owns 11,228 shares of the company’s stock valued at $564,000 after purchasing an additional 207 shares during the last quarter. Sugar Maple Asset Management LLC grew its holdings in shares of Fidelity Low Duration Bond Factor ETF by 2.8% during the second quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock worth $434,000 after purchasing an additional 232 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Low Duration Bond Factor ETF by 61.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 808 shares of the company’s stock worth $41,000 after purchasing an additional 306 shares during the last quarter. Virtus Wealth Solutions LLC increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 2.8% in the fourth quarter. Virtus Wealth Solutions LLC now owns 13,173 shares of the company’s stock valued at $662,000 after buying an additional 359 shares in the last quarter. Finally, NWF Advisory Services Inc. increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 0.6% in the first quarter. NWF Advisory Services Inc. now owns 71,273 shares of the company’s stock valued at $3,567,000 after buying an additional 392 shares in the last quarter.

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.