Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Large Increase in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 86,948 shares, a growth of 106.2% from the September 15th total of 42,167 shares. Based on an average daily trading volume, of 296,203 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in Fidelity Low Duration Bond Factor ETF by 4.1% in the first quarter. Bank of America Corp DE now owns 325,763 shares of the company’s stock worth $16,304,000 after buying an additional 12,686 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Fidelity Low Duration Bond Factor ETF by 22.6% in the first quarter. Kestra Advisory Services LLC now owns 302,142 shares of the company’s stock valued at $15,122,000 after buying an additional 55,742 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 9.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 207,532 shares of the company’s stock valued at $10,399,000 after acquiring an additional 18,496 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 55.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 175,834 shares of the company’s stock valued at $8,800,000 after acquiring an additional 62,784 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 15.1% during the 1st quarter. Royal Bank of Canada now owns 134,333 shares of the company’s stock valued at $6,723,000 after acquiring an additional 17,596 shares during the last quarter.

Fidelity Low Duration Bond Factor ETF Stock Down 0.0%

BATS:FLDR opened at $49.84 on Thursday. The business’s 50-day moving average price is $49.97 and its 200 day moving average price is $50.08. Fidelity Low Duration Bond Factor ETF has a 52-week low of $49.02 and a 52-week high of $50.62.

About Fidelity Low Duration Bond Factor ETF

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.