Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Decrease in Short Interest

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 206,655 shares, a drop of 80.6% from the July 15th total of 1,064,529 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,888,021 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.89 on Wednesday. The stock’s 50 day moving average price is $45.28 and its 200 day moving average price is $45.69. The firm has a market capitalization of $27.19 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86.

Institutional Trading of Fidelity Total Bond ETF

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new stake in Fidelity Total Bond ETF during the 1st quarter worth $25,000. Community Financial Services Group LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter worth $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth $37,000. Finally, Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the 2nd quarter worth $37,000.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.