Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 9,610 shares, a growth of 1,050.9% from the August 15th total of 835 shares. Based on an average daily volume of 40,609 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Fidelity Corporate Bond ETF Stock Down 0.7%
FCOR traded down $0.34 during mid-day trading on Thursday, reaching $45.63. The stock had a trading volume of 43,408 shares, compared to its average volume of 38,814. The firm’s fifty day simple moving average is $46.41 and its two-hundred day simple moving average is $47.02. Fidelity Corporate Bond ETF has a 52 week low of $45.62 and a 52 week high of $48.79.
Hedge Funds Weigh In On Fidelity Corporate Bond ETF
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in Fidelity Corporate Bond ETF in the first quarter worth about $39,000. Sunbelt Securities Inc. lifted its position in Fidelity Corporate Bond ETF by 8,233.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 988 shares during the period. Advisory Services Network LLC acquired a new position in Fidelity Corporate Bond ETF during the 3rd quarter valued at about $76,000. Royal Bank of Canada boosted its stake in shares of Fidelity Corporate Bond ETF by 41.5% in the 1st quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter valued at about $276,000.
About Fidelity Corporate Bond ETF
The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.
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