Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Drop in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,500 shares, a decline of 16.7% from the November 30th total of 1,800 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 2.5 days.

Fidelity Low Duration Bond ETF Stock Performance

NASDAQ FLDB traded down $0.04 during trading hours on Friday, reaching $50.51. 107 shares of the company were exchanged, compared to its average volume of 386. Fidelity Low Duration Bond ETF has a 1 year low of $49.98 and a 1 year high of $50.66. The business’s 50 day simple moving average is $50.50 and its 200-day simple moving average is $50.45.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, December 6th were given a $0.02 dividend. The ex-dividend date was Friday, December 6th.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less.