Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Drop in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 835 shares, a drop of 84.7% from the July 30th total of 5,458 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 33,331 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Corporate Bond ETF Price Performance

Shares of NYSEARCA FCOR traded down $0.32 during trading on Friday, reaching $46.14. The stock had a trading volume of 50,927 shares, compared to its average volume of 38,410. Fidelity Corporate Bond ETF has a one year low of $46.11 and a one year high of $48.79. The firm’s 50 day moving average price is $46.64 and its two-hundred day moving average price is $47.17.

Institutional Trading of Fidelity Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in FCOR. Kestra Advisory Services LLC lifted its position in shares of Fidelity Corporate Bond ETF by 48.4% in the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock worth $16,854,000 after buying an additional 116,695 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Corporate Bond ETF by 15.3% during the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after buying an additional 31,357 shares during the last quarter. Salus Financial Advisors LLC raised its stake in Fidelity Corporate Bond ETF by 8.2% during the first quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock worth $7,431,000 after acquiring an additional 11,928 shares during the period. Raymond James Financial Inc. raised its stake in Fidelity Corporate Bond ETF by 8.3% during the third quarter. Raymond James Financial Inc. now owns 102,377 shares of the company’s stock worth $4,914,000 after acquiring an additional 7,842 shares during the period. Finally, LPL Financial LLC lifted its holdings in Fidelity Corporate Bond ETF by 68.6% in the fourth quarter. LPL Financial LLC now owns 65,473 shares of the company’s stock worth $3,132,000 after acquiring an additional 26,647 shares during the last quarter.

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.