Short Interest in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Declines By 66.1%

Fidelity Limited Term Bond ETF (NYSEARCA:FLTBGet Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 11,426 shares, a drop of 66.1% from the November 30th total of 33,738 shares. Based on an average trading volume of 35,348 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 35,348 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Limited Term Bond ETF Stock Up 0.2%

Shares of FLTB traded up $0.10 during trading hours on Friday, reaching $50.87. The company’s stock had a trading volume of 22,309 shares, compared to its average volume of 29,048. The company has a 50 day moving average of $50.76 and a two-hundred day moving average of $50.61. The firm has a market cap of $279.79 million, a price-to-earnings ratio of 32.20 and a beta of 0.10. Fidelity Limited Term Bond ETF has a 1-year low of $49.41 and a 1-year high of $51.07.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Fidelity Limited Term Bond ETF during the 2nd quarter valued at $39,000. MMA Asset Management LLC purchased a new stake in shares of Fidelity Limited Term Bond ETF during the third quarter worth $53,000. Compass Ion Advisors LLC purchased a new stake in shares of Fidelity Limited Term Bond ETF during the second quarter worth $201,000. Clearstead Trust LLC acquired a new stake in Fidelity Limited Term Bond ETF during the third quarter valued at $236,000. Finally, Citadel Advisors LLC purchased a new position in Fidelity Limited Term Bond ETF in the third quarter valued at about $246,000. Hedge funds and other institutional investors own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Company Profile

(Get Free Report)

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.

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