Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Sees Significant Increase in Short Interest

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 26,593 shares, an increase of 201.7% from the June 15th total of 8,814 shares. Based on an average daily volume of 40,502 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Fidelity Limited Term Bond ETF Stock Performance

Shares of FLTB stock traded down $0.09 on Monday, hitting $49.98. The stock had a trading volume of 33,785 shares, compared to its average volume of 48,331. The stock’s 50 day moving average is $50.20 and its 200-day moving average is $50.48. The firm has a market capitalization of $414.83 million, a price-to-earnings ratio of 31.63 and a beta of 0.11. Fidelity Limited Term Bond ETF has a 52-week low of $49.95 and a 52-week high of $51.15.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of Fidelity Limited Term Bond ETF by 1,269.0% during the first quarter. Jones Financial Companies Lllp now owns 6,270 shares of the company’s stock worth $314,000 after acquiring an additional 5,812 shares during the last quarter. Jane Street Group LLC boosted its holdings in Fidelity Limited Term Bond ETF by 315.5% in the first quarter. Jane Street Group LLC now owns 33,976 shares of the company’s stock valued at $1,702,000 after purchasing an additional 25,798 shares during the last quarter. Focus Partners Wealth grew its stake in Fidelity Limited Term Bond ETF by 3,043.4% during the 1st quarter. Focus Partners Wealth now owns 20,118 shares of the company’s stock valued at $1,008,000 after purchasing an additional 19,478 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Fidelity Limited Term Bond ETF during the 2nd quarter valued at approximately $518,000. Finally, JPMorgan Chase & Co. increased its holdings in Fidelity Limited Term Bond ETF by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,695 shares of the company’s stock worth $589,000 after purchasing an additional 916 shares during the last quarter. 2.01% of the stock is owned by hedge funds and other institutional investors.

About Fidelity Limited Term Bond ETF

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.