Fidelity Tactical Bond ETF (NYSEARCA:FTBD – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,442 shares, a decrease of 39.2% from the July 30th total of 7,301 shares. Based on an average daily volume of 3,002 shares, the short-interest ratio is presently 1.5 days. Currently, 0.6% of the company’s stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Fidelity Tactical Bond ETF during the 3rd quarter worth about $25,000. Kestra Advisory Services LLC acquired a new position in Fidelity Tactical Bond ETF in the fourth quarter valued at $66,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Tactical Bond ETF by 2,354.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,172 shares of the company’s stock valued at $209,000 after purchasing an additional 4,002 shares in the last quarter. Osaic Holdings Inc. grew its stake in Fidelity Tactical Bond ETF by 12.8% during the second quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock worth $260,000 after buying an additional 596 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in Fidelity Tactical Bond ETF by 36.2% during the 4th quarter. Arkadios Wealth Advisors now owns 6,299 shares of the company’s stock worth $312,000 after acquiring an additional 1,673 shares in the last quarter.
Fidelity Tactical Bond ETF Price Performance
NYSEARCA FTBD remained flat at $48.38 during trading hours on Monday. 785 shares of the company’s stock traded hands, compared to its average volume of 4,361. The firm has a fifty day moving average of $48.82 and a 200 day moving average of $49.23. Fidelity Tactical Bond ETF has a one year low of $48.23 and a one year high of $50.56.
About Fidelity Tactical Bond ETF
The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.
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