Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Up 109.8% in April

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 4,961 shares, a growth of 109.8% from the April 15th total of 2,365 shares. Based on an average trading volume of 27,425 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Corporate Bond ETF Price Performance

Fidelity Corporate Bond ETF stock traded down $0.36 during midday trading on Friday, reaching $46.90. The stock had a trading volume of 27,128 shares, compared to its average volume of 36,455. The stock’s 50-day simple moving average is $47.35 and its 200 day simple moving average is $47.80. Fidelity Corporate Bond ETF has a twelve month low of $45.92 and a twelve month high of $48.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FCOR. JPMorgan Chase & Co. raised its position in Fidelity Corporate Bond ETF by 125.0% in the second quarter. JPMorgan Chase & Co. now owns 24,411 shares of the company’s stock valued at $1,155,000 after purchasing an additional 13,560 shares during the period. Raymond James Financial Inc. raised its position in Fidelity Corporate Bond ETF by 2.8% in the second quarter. Raymond James Financial Inc. now owns 94,535 shares of the company’s stock valued at $4,472,000 after purchasing an additional 2,554 shares during the period. Jane Street Group LLC purchased a new position in Fidelity Corporate Bond ETF in the second quarter valued at about $2,252,000. High Falls Advisors Inc purchased a new position in Fidelity Corporate Bond ETF in the second quarter valued at about $280,000. Finally, Park Avenue Securities LLC purchased a new position in Fidelity Corporate Bond ETF in the third quarter valued at about $554,000.

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.