Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Shares Shorted: Short Interest Up 5,747.4% in October

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,111 shares, a growth of 5,747.4% from the October 15th total of 19 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 3,545 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Tactical Bond ETF

A number of hedge funds have recently modified their holdings of FTBD. Commonwealth Equity Services LLC purchased a new position in Fidelity Tactical Bond ETF during the third quarter worth about $1,502,000. AdvisorNet Financial Inc acquired a new stake in shares of Fidelity Tactical Bond ETF during the 3rd quarter worth approximately $1,254,000. InTrack Investment Management Inc raised its position in shares of Fidelity Tactical Bond ETF by 152.8% during the 2nd quarter. InTrack Investment Management Inc now owns 24,102 shares of the company’s stock valued at $1,188,000 after buying an additional 14,569 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in shares of Fidelity Tactical Bond ETF during the 3rd quarter valued at approximately $253,000. Finally, BG Investment Services LLC lifted its holdings in Fidelity Tactical Bond ETF by 44.7% in the third quarter. BG Investment Services LLC now owns 17,212 shares of the company’s stock valued at $805,000 after acquiring an additional 5,320 shares during the last quarter.

Fidelity Tactical Bond ETF Stock Down 0.6%

NYSEARCA:FTBD traded down $0.30 during trading hours on Tuesday, hitting $47.45. The company had a trading volume of 7,185 shares, compared to its average volume of 4,106. Fidelity Tactical Bond ETF has a 1 year low of $46.58 and a 1 year high of $50.45. The company has a 50-day moving average of $47.51 and a 200 day moving average of $48.83.

Fidelity Tactical Bond ETF Company Profile

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.