Short Interest in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Declines By 42.9%

Fidelity Limited Term Bond ETF (NYSEARCA:FLTBGet Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 8,814 shares, a drop of 42.9% from the May 31st total of 15,427 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 78,585 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Limited Term Bond ETF Stock Up 0.1%

Shares of FLTB traded up $0.05 during trading hours on Thursday, reaching $50.13. 52,951 shares of the company traded hands, compared to its average volume of 49,222. Fidelity Limited Term Bond ETF has a 12-month low of $49.98 and a 12-month high of $51.15. The stock has a market capitalization of $411.07 million, a P/E ratio of 31.73 and a beta of 0.11. The business has a fifty day moving average price of $50.24 and a 200-day moving average price of $50.51.

Institutional Trading of Fidelity Limited Term Bond ETF

Several large investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $35,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $40,000. Investment Research & Advisory Group Inc. acquired a new stake in Fidelity Limited Term Bond ETF in the 4th quarter valued at approximately $41,000. Root Financial Partners LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 1st quarter valued at approximately $68,000. Finally, Rockefeller Capital Management L.P. raised its position in Fidelity Limited Term Bond ETF by 50.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock valued at $80,000 after purchasing an additional 525 shares during the period. 2.01% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity Limited Term Bond ETF

(Get Free Report)

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.

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