Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Decline in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,908 shares, a drop of 64.9% from the September 15th total of 8,287 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Fidelity Low Duration Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Harmony Asset Management LLC acquired a new position in Fidelity Low Duration Bond ETF in the first quarter worth approximately $6,980,000. Envestnet Asset Management Inc. lifted its stake in Fidelity Low Duration Bond ETF by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,108 shares during the last quarter. Midwest Financial Network LLC lifted its stake in Fidelity Low Duration Bond ETF by 119.6% in the third quarter. Midwest Financial Network LLC now owns 20,210 shares of the company’s stock valued at $1,013,000 after acquiring an additional 11,005 shares during the last quarter. RCS Financial Planning LLC bought a new stake in Fidelity Low Duration Bond ETF in the first quarter worth approximately $341,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Fidelity Low Duration Bond ETF in the second quarter worth approximately $51,000.

Fidelity Low Duration Bond ETF Price Performance

Shares of FLDB traded down $0.01 during trading hours on Wednesday, reaching $50.28. The company’s stock had a trading volume of 3,185 shares, compared to its average volume of 9,920. Fidelity Low Duration Bond ETF has a 1-year low of $50.06 and a 1-year high of $50.93. The company has a 50 day moving average of $50.28 and a two-hundred day moving average of $50.32.

Fidelity Low Duration Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 29th were given a dividend of $0.1580 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a drop from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1670. This represents a $1.90 dividend on an annualized basis and a yield of 3.8%.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.