Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Decreases By 53.6%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 9,813 shares, a decline of 53.6% from the January 15th total of 21,130 shares. Based on an average daily volume of 43,726 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 43,726 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Fidelity Corporate Bond ETF

A number of large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its stake in Fidelity Corporate Bond ETF by 8,233.3% in the third 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. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity Corporate Bond ETF during the third quarter worth about $50,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Corporate Bond ETF during the third quarter worth about $76,000. Asset Dedication LLC purchased a new position in Fidelity Corporate Bond ETF during the second quarter worth about $79,000. Finally, PFG Investments LLC lifted its position in Fidelity Corporate Bond ETF by 6.6% in the third quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock valued at $249,000 after purchasing an additional 320 shares during the period.

Fidelity Corporate Bond ETF Trading Up 0.4%

NYSEARCA:FCOR traded up $0.20 during mid-day trading on Thursday, reaching $48.20. 23,330 shares of the stock were exchanged, compared to its average volume of 39,836. Fidelity Corporate Bond ETF has a 1 year low of $45.00 and a 1 year high of $48.79. The company has a 50 day simple moving average of $47.96 and a 200-day simple moving average of $47.97.

Fidelity Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a $0.168 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, January 29th.

Fidelity Corporate Bond ETF Company Profile

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.