Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Drops By 42.7%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 23,284 shares, a decrease of 42.7% from the November 30th total of 40,611 shares. Based on an average trading volume of 39,024 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 39,024 shares, the short-interest ratio is currently 0.6 days.

Fidelity Corporate Bond ETF Stock Up 0.1%

NYSEARCA FCOR traded up $0.06 on Friday, hitting $48.23. 14,271 shares of the company’s stock were exchanged, compared to its average volume of 33,469. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $47.77. Fidelity Corporate Bond ETF has a 52 week low of $45.00 and a 52 week high of $48.79.

Institutional Trading of Fidelity Corporate Bond ETF

Several large investors have recently bought and sold shares of FCOR. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Corporate Bond ETF by 12.6% during the second quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock worth $7,525,000 after buying an additional 17,773 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity Corporate Bond ETF by 127.6% in the second quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock valued at $898,000 after buying an additional 10,638 shares during the period. Millington Financial Advisors LLC raised its holdings in Fidelity Corporate Bond ETF by 3.6% in the 2nd quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock valued at $2,226,000 after buying an additional 1,655 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in Fidelity Corporate Bond ETF during the 2nd quarter worth approximately $825,000. Finally, Grant Private Wealth Management Inc acquired a new stake in Fidelity Corporate Bond ETF during the 2nd quarter worth approximately $355,000.

About Fidelity Corporate Bond ETF

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.