Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Shares Shorted: Short Interest Up 61.8% in September

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 44,672 shares, an increase of 61.8% from the September 15th total of 27,603 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 82,989 shares, the days-to-cover ratio is currently 0.5 days.

Fidelity Limited Term Bond ETF Trading Up 0.1%

NYSEARCA:FLTB traded up $0.04 on Friday, reaching $49.29. 3,612 shares of the stock traded hands, compared to its average volume of 56,350. The firm has a market capitalization of $483.04 million, a price-to-earnings ratio of 31.20 and a beta of 0.11. The company’s 50 day moving average is $49.61 and its 200-day moving average is $50.00. Fidelity Limited Term Bond ETF has a 1-year low of $48.89 and a 1-year high of $51.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Fidelity Limited Term Bond ETF by 22.4% during the first quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock valued at $42,386,000 after buying an additional 154,262 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Limited Term Bond ETF by 19.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 446,264 shares of the company’s stock valued at $22,371,000 after buying an additional 72,542 shares during the last quarter. Sanctuary Advisors LLC raised its position in Fidelity Limited Term Bond ETF by 331.0% in the 1st quarter. Sanctuary Advisors LLC now owns 71,713 shares of the company’s stock valued at $3,605,000 after buying an additional 55,076 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Limited Term Bond ETF in the 3rd quarter valued at $2,385,000. Finally, Waverly Advisors LLC purchased a new stake in Fidelity Limited Term Bond ETF in the 2nd quarter valued at $1,494,000. 2.01% of the stock is owned by institutional investors.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.