Short Interest in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Expands By 270.7%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,065 shares, a growth of 270.7% from the July 15th total of 1,636 shares. Based on an average trading volume of 11,790 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Fidelity Low Duration Bond ETF

Institutional investors have recently bought and sold shares of the stock. Harmony Asset Management LLC purchased a new position in Fidelity Low Duration Bond ETF during the first quarter worth $6,980,000. RCS Financial Planning LLC purchased a new stake in shares of Fidelity Low Duration Bond ETF in the first quarter valued at $341,000. Cetera Investment Advisers raised its stake in shares of Fidelity Low Duration Bond ETF by 220.0% in the fourth quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock valued at $889,000 after acquiring an additional 12,136 shares during the period. &PARTNERS purchased a new stake in shares of Fidelity Low Duration Bond ETF in the fourth quarter valued at $767,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Low Duration Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,759 shares during the last quarter.

Fidelity Low Duration Bond ETF Stock Down 0.0%

NASDAQ:FLDB opened at $50.28 on Thursday. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93. The business has a 50 day simple moving average of $50.32 and a 200-day simple moving average of $50.37.

Fidelity Low Duration Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were issued a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, July 30th.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.