Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Short Interest Declines 64.9%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 2,908 shares, a decrease of 64.9% from the September 15th total of 8,287 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 0.1 days.

Fidelity Low Duration Bond ETF Stock Performance

Shares of Fidelity Low Duration Bond ETF stock traded up $0.02 during midday trading on Monday, hitting $50.28. The company’s stock had a trading volume of 10,039 shares, compared to its average volume of 9,828. The stock has a 50-day simple moving average of $50.28 and a 200-day simple moving average of $50.33. Fidelity Low Duration Bond ETF has a 1-year low of $50.06 and a 1-year high of $50.93.

Fidelity Low Duration Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.1580 per share. This is a drop from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1670. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.90 annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of large investors have recently made changes to their positions in FLDB. Harmony Asset Management LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF during the first quarter worth approximately $6,980,000. Envestnet Asset Management Inc. increased its stake in Fidelity Low Duration Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after buying an additional 4,108 shares during the period. Midwest Financial Network LLC increased its stake in Fidelity Low Duration Bond ETF by 108.4% in the 2nd quarter. Midwest Financial Network LLC now owns 9,205 shares of the company’s stock valued at $463,000 after buying an additional 4,788 shares during the period. RCS Financial Planning LLC acquired a new position in Fidelity Low Duration Bond ETF in the 1st quarter valued at approximately $341,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fidelity Low Duration Bond ETF in the 2nd quarter worth approximately $51,000.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.