Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,814 shares, a drop of 42.9% from the May 31st total of 15,427 shares. Based on an average daily volume of 78,585 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Limited Term Bond ETF Stock Down 0.1%

NYSEARCA:FLTB traded down $0.05 during trading hours on Wednesday, reaching $50.08. 35,512 shares of the stock were exchanged, compared to its average volume of 49,192. The business has a 50-day moving average of $50.25 and a two-hundred day moving average of $50.51. Fidelity Limited Term Bond ETF has a twelve month low of $49.98 and a twelve month high of $51.15. The company has a market capitalization of $390.62 million, a price-to-earnings ratio of 31.70 and a beta of 0.11.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Grey Ledge Advisors LLC grew its position in Fidelity Limited Term Bond ETF by 0.7% in the 1st quarter. Grey Ledge Advisors LLC now owns 36,334 shares of the company’s stock valued at $1,827,000 after acquiring an additional 268 shares in the last quarter. Lakeridge Wealth Management LLC boosted its stake in shares of Fidelity Limited Term Bond ETF by 2.0% in the fourth quarter. Lakeridge Wealth Management LLC now owns 18,915 shares of the company’s stock valued at $958,000 after purchasing an additional 375 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Fidelity Limited Term Bond ETF by 4.6% in the second quarter. Raymond James Financial Inc. now owns 9,905 shares of the company’s stock valued at $499,000 after purchasing an additional 438 shares during the period. Cahill Financial Advisors Inc. grew its holdings in shares of Fidelity Limited Term Bond ETF by 4.8% in the fourth quarter. Cahill Financial Advisors Inc. now owns 11,074 shares of the company’s stock valued at $561,000 after purchasing an additional 505 shares in the last quarter. Finally, Roxbury Financial LLC grew its holdings in shares of Fidelity Limited Term Bond ETF by 32.9% in the first quarter. Roxbury Financial LLC now owns 2,096 shares of the company’s stock valued at $105,000 after purchasing an additional 519 shares in the last quarter. 2.01% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.