Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Sees Large Decrease in Short Interest

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,685 shares, a decrease of 91.6% from the July 30th total of 20,079 shares. Based on an average trading volume of 48,424 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Limited Term Bond ETF Price Performance

Shares of FLTB traded down $0.04 during trading hours on Wednesday, hitting $50.11. The stock had a trading volume of 22,849 shares, compared to its average volume of 48,949. The stock has a market capitalization of $415.91 million, a price-to-earnings ratio of 31.72 and a beta of 0.11. The company’s fifty day moving average is $50.08 and its two-hundred day moving average is $50.31. Fidelity Limited Term Bond ETF has a 52 week low of $49.42 and a 52 week high of $51.15.

Institutional Trading of Fidelity Limited Term Bond ETF

Large investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new stake in Fidelity Limited Term Bond ETF in the 4th quarter valued at about $40,000. Root Financial Partners LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 1st quarter valued at $68,000. Rockefeller Capital Management L.P. increased its stake in Fidelity Limited Term Bond ETF by 50.2% during the 4th 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 in the last quarter. Farther Finance Advisors LLC acquired a new position in Fidelity Limited Term Bond ETF during the fourth quarter worth $89,000. Finally, Comerica Bank bought a new position in Fidelity Limited Term Bond ETF in the 4th quarter valued at about $101,000. 2.01% of the stock is owned by institutional investors and hedge funds.

Fidelity Limited Term Bond ETF Company Profile

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.