Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Short Interest Update

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 2,400 shares, a decrease of 25.0% from the May 15th total of 3,200 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the stock are short sold.

Fidelity Tactical Bond ETF Stock Performance

Shares of NYSEARCA:FTBD opened at $48.82 on Thursday. The stock’s fifty day simple moving average is $48.52 and its 200-day simple moving average is $48.60. Fidelity Tactical Bond ETF has a 52-week low of $47.51 and a 52-week high of $51.06.

Hedge Funds Weigh In On Fidelity Tactical Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Fidelity Tactical Bond ETF by 253.9% in the 1st quarter. Jane Street Group LLC now owns 39,189 shares of the company’s stock worth $1,916,000 after purchasing an additional 28,115 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Tactical Bond ETF by 14.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 25,499 shares of the company’s stock valued at $1,226,000 after buying an additional 3,244 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Fidelity Tactical Bond ETF by 195.9% in the fourth quarter. Citadel Advisors LLC now owns 24,402 shares of the company’s stock valued at $1,173,000 after buying an additional 16,155 shares in the last quarter. BG Investment Services Inc. acquired a new stake in shares of Fidelity Tactical Bond ETF in the first quarter valued at about $232,000. Finally, Peterson Wealth Advisors LLC acquired a new stake in shares of Fidelity Tactical Bond ETF in the first quarter valued at about $202,000.

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.