Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Growth in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 72,195 shares, an increase of 326.2% from the June 15th total of 16,940 shares. Based on an average daily trading volume, of 793,432 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

Several hedge funds have recently made changes to their positions in FLDR. Wells Fargo & Company MN boosted its position in shares of Fidelity Low Duration Bond Factor ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,023,685 shares of the company’s stock valued at $51,420,000 after purchasing an additional 29,079 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Low Duration Bond Factor ETF by 47.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 644,156 shares of the company’s stock valued at $32,356,000 after acquiring an additional 205,846 shares during the period. Raymond James Financial Inc. raised its position in Fidelity Low Duration Bond Factor ETF by 6.8% in the 3rd quarter. Raymond James Financial Inc. now owns 617,681 shares of the company’s stock valued at $31,008,000 after purchasing an additional 39,542 shares during the last quarter. LPL Financial LLC boosted its stake in Fidelity Low Duration Bond Factor ETF by 12.4% during the 4th quarter. LPL Financial LLC now owns 533,043 shares of the company’s stock worth $26,775,000 after purchasing an additional 58,829 shares during the period. Finally, AE Wealth Management LLC increased its stake in Fidelity Low Duration Bond Factor ETF by 17.5% in the fourth quarter. AE Wealth Management LLC now owns 399,536 shares of the company’s stock valued at $20,069,000 after purchasing an additional 59,482 shares during the period.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of BATS:FLDR remained flat at $50.15 on Friday. The stock had a trading volume of 148,768 shares, compared to its average volume of 351,403. The stock’s fifty day moving average is $50.14 and its 200-day moving average is $50.20. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.