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

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,358 shares, a drop of 95.5% from the October 15th total of 97,319 shares. Based on an average daily volume of 423,315 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLDR. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Low Duration Bond Factor ETF during the 3rd quarter valued at about $33,433,000. Kestra Advisory Services LLC raised its position in Fidelity Low Duration Bond Factor ETF by 29.9% in the third quarter. Kestra Advisory Services LLC now owns 527,890 shares of the company’s stock worth $26,264,000 after purchasing an additional 121,542 shares in the last quarter. Bank of America Corp DE raised its position in Fidelity Low Duration Bond Factor ETF by 4.1% in the first quarter. Bank of America Corp DE now owns 325,763 shares of the company’s stock worth $16,304,000 after purchasing an additional 12,686 shares in the last quarter. Wealth Management Resources Inc. acquired a new position in Fidelity Low Duration Bond Factor ETF in the third quarter worth about $15,891,000. Finally, Envestnet Asset Management Inc. raised its position in Fidelity Low Duration Bond Factor ETF by 9.8% in the second quarter. Envestnet Asset Management Inc. now owns 207,532 shares of the company’s stock worth $10,399,000 after purchasing an additional 18,496 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Trading Down 0.1%

FLDR opened at $49.92 on Wednesday. The firm’s fifty day moving average price is $49.92 and its two-hundred day moving average price is $50.11. Fidelity Low Duration Bond Factor ETF has a fifty-two week low of $49.02 and a fifty-two week high of $50.46.

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.