Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 17,422 shares, a growth of 70.4% from the September 15th total of 10,225 shares. Based on an average trading volume of 64,822 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
Fidelity Corporate Bond ETF Stock Performance
Shares of NYSEARCA:FCOR traded down $0.05 during midday trading on Friday, hitting $45.19. 51,692 shares of the stock traded hands, compared to its average volume of 42,220. The business’s 50 day moving average is $45.67 and its two-hundred day moving average is $46.58. Fidelity Corporate Bond ETF has a one year low of $44.39 and a one year high of $48.79.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in Fidelity Corporate Bond ETF in the 1st quarter worth approximately $39,000. Royal Bank of Canada grew its position 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 worth $272,000 after buying an additional 1,691 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its stake in shares of Fidelity Corporate Bond ETF by 40.4% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 6,373 shares of the company’s stock valued at $284,000 after buying an additional 1,835 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Fidelity Corporate Bond ETF by 55.2% during the first quarter. Kestra Private Wealth Services LLC now owns 9,577 shares of the company’s stock valued at $451,000 after buying an additional 3,405 shares during the period. Finally, Midwest Financial Network LLC purchased a new position in shares of Fidelity Corporate Bond ETF during the first quarter valued at approximately $495,000.
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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