Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Up 1,418.4% in August

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 25,585 shares, an increase of 1,418.4% from the August 15th total of 1,685 shares. Based on an average trading volume of 79,271 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Limited Term Bond ETF Stock Performance

Shares of NYSEARCA FLTB traded down $0.03 during trading on Friday, reaching $49.47. The company had a trading volume of 120,309 shares, compared to its average volume of 53,928. Fidelity Limited Term Bond ETF has a 52 week low of $49.42 and a 52 week high of $51.15. The business’s 50 day moving average price is $49.98 and its 200-day moving average price is $50.22. The stock has a market cap of $410.60 million, a PE ratio of 31.31 and a beta of 0.11.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLTB. Bank of America Corp DE boosted its stake in shares of Fidelity Limited Term Bond ETF by 22.4% in the 1st quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock valued at $42,386,000 after purchasing an additional 154,262 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Fidelity Limited Term Bond ETF by 3,016.1% during the fourth quarter. Royal Bank of Canada now owns 110,215 shares of the company’s stock worth $5,583,000 after buying an additional 106,678 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Fidelity Limited Term Bond ETF by 117.5% in the fourth quarter. Kestra Advisory Services LLC now owns 113,220 shares of the company’s stock valued at $5,736,000 after buying an additional 61,172 shares during the period. Sanctuary Advisors LLC lifted its holdings in Fidelity Limited Term Bond ETF by 331.0% in the first quarter. Sanctuary Advisors LLC now owns 71,713 shares of the company’s stock valued at $3,605,000 after buying an additional 55,076 shares during the period. Finally, LPL Financial LLC boosted its stake in Fidelity Limited Term Bond ETF by 18.7% in the fourth quarter. LPL Financial LLC now owns 288,480 shares of the company’s stock valued at $14,614,000 after acquiring an additional 45,427 shares during the last quarter. 2.01% of the stock is currently owned by 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.