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

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,685 shares, a decline of 91.6% from the July 30th total of 20,079 shares. Based on an average daily trading volume, of 48,424 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity Limited Term Bond ETF Stock Performance

NYSEARCA:FLTB traded up $0.11 during mid-day trading on Tuesday, hitting $50.15. 31,359 shares of the company’s stock traded hands, compared to its average volume of 49,119. The company has a fifty day moving average of $50.08 and a 200 day moving average of $50.31. Fidelity Limited Term Bond ETF has a twelve month low of $49.42 and a twelve month high of $51.15. The company has a market capitalization of $416.25 million, a P/E ratio of 31.74 and a beta of 0.11.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

Hedge funds have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Fidelity Limited Term Bond ETF during the fourth quarter valued at about $40,000. Root Financial Partners LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 1st quarter worth approximately $68,000. Rockefeller Capital Management L.P. boosted its stake in Fidelity Limited Term Bond ETF by 50.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock worth $80,000 after purchasing an additional 525 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $89,000. Finally, Comerica Bank purchased a new stake in Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 2.01% of the company’s stock.

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.