Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Short Interest Update

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 7,301 shares, a drop of 37.8% from the July 15th total of 11,732 shares. Based on an average trading volume of 4,564 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.9% of the company’s stock are short sold.

Fidelity Tactical Bond ETF Price Performance

FTBD stock traded up $0.03 during mid-day trading on Tuesday, reaching $48.47. 7,946 shares of the company traded hands, compared to its average volume of 4,428. The firm’s 50 day moving average price is $48.94 and its 200 day moving average price is $49.30. Fidelity Tactical Bond ETF has a fifty-two week low of $48.23 and a fifty-two week high of $50.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTBD. Advisory Services Network LLC purchased a new position in shares of Fidelity Tactical Bond ETF during the third quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Fidelity Tactical Bond ETF in the 4th quarter valued at $66,000. Sunbelt Securities Inc. raised its position in Fidelity Tactical Bond ETF by 2,354.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,172 shares of the company’s stock valued at $209,000 after buying an additional 4,002 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Fidelity Tactical Bond ETF by 12.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock valued at $260,000 after acquiring an additional 596 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in Fidelity Tactical Bond ETF by 36.2% during the 4th quarter. Arkadios Wealth Advisors now owns 6,299 shares of the company’s stock valued at $312,000 after acquiring an additional 1,673 shares in the last quarter.

About Fidelity Tactical Bond ETF

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.