Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Drop in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDRGet Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 39,706 shares, a decline of 47.2% from the May 14th total of 75,223 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 265,547 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Low Duration Bond Factor ETF Price Performance

Fidelity Low Duration Bond Factor ETF stock opened at $50.17 on Monday. The stock’s 50 day simple moving average is $50.13 and its two-hundred day simple moving average is $50.22. Fidelity Low Duration Bond Factor ETF has a fifty-two week low of $49.02 and a fifty-two week high of $50.62.

Institutional Trading of Fidelity Low Duration Bond Factor ETF

Several large investors have recently bought and sold shares of FLDR. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 2nd quarter worth approximately $25,000. Fifth Third Bancorp bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter worth approximately $33,000. Basepoint Wealth LLC bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter worth approximately $59,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 4th quarter worth approximately $88,000.

Fidelity Low Duration Bond Factor ETF Company Profile

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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.

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