Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Shorted: Short Interest Down 76.7% in October

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 9,921 shares, a decline of 76.7% from the October 15th total of 42,616 shares. Based on an average trading volume of 58,460 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new position in Fidelity Corporate Bond ETF in the 3rd quarter worth about $364,000. IFG Advisory LLC boosted its stake in shares of Fidelity Corporate Bond ETF by 1,320.6% during the third quarter. IFG Advisory LLC now owns 2,273 shares of the company’s stock valued at $101,000 after purchasing an additional 2,113 shares in the last quarter. Valmark Advisers Inc. bought a new stake in shares of Fidelity Corporate Bond ETF during the third quarter worth about $1,690,000. Kestra Advisory Services LLC grew its holdings in shares of Fidelity Corporate Bond ETF by 32.2% during the third quarter. Kestra Advisory Services LLC now owns 392,471 shares of the company’s stock worth $17,520,000 after purchasing an additional 95,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Corporate Bond ETF during the third quarter worth about $3,445,000.

Fidelity Corporate Bond ETF Stock Down 0.2%

NYSEARCA FCOR traded down $0.08 during trading on Friday, hitting $44.98. 68,507 shares of the company’s stock were exchanged, compared to its average volume of 47,371. Fidelity Corporate Bond ETF has a fifty-two week low of $44.39 and a fifty-two week high of $48.63. The stock’s 50 day moving average price is $45.27 and its two-hundred day moving average price is $46.70.

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.