Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Up 168.5% in August

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,214,103 shares, a growth of 168.5% from the August 15th total of 452,183 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,677,059 shares, the days-to-cover ratio is presently 0.5 days.

Fidelity Total Bond ETF Trading Down 0.0%

NYSEARCA:FBND opened at $44.24 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.21 and a 1 year high of $46.86. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The stock has a 50-day moving average price of $44.96 and a two-hundred day moving average price of $45.46.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several institutional investors have recently modified their holdings of the business. Cerity Partners LLC lifted its stake in Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after buying an additional 32,071 shares in the last quarter. Betterment LLC increased its position in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $49,000. Graney & King LLC increased its position in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the period.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.