Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Drop in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 23,284 shares, a decrease of 42.7% from the November 30th total of 40,611 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 39,024 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 39,024 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Fidelity Corporate Bond ETF Stock Down 0.0%

NYSEARCA:FCOR traded down $0.02 during mid-day trading on Monday, reaching $48.21. The stock had a trading volume of 99,941 shares, compared to its average volume of 33,737. Fidelity Corporate Bond ETF has a 1-year low of $45.00 and a 1-year high of $48.79. The stock’s 50 day simple moving average is $48.13 and its two-hundred day simple moving average is $47.77.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in FCOR. Envestnet Asset Management Inc. increased its stake in Fidelity Corporate Bond ETF by 12.6% during the second quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock valued at $7,525,000 after purchasing an additional 17,773 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Corporate Bond ETF by 127.6% in the 2nd quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock valued at $898,000 after buying an additional 10,638 shares during the period. Millington Financial Advisors LLC boosted its holdings in shares of Fidelity Corporate Bond ETF by 3.6% in the 2nd quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock valued at $2,226,000 after buying an additional 1,655 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of Fidelity Corporate Bond ETF during the 2nd quarter valued at about $825,000. Finally, Grant Private Wealth Management Inc acquired a new stake in Fidelity Corporate Bond ETF during the second quarter worth about $355,000.

Fidelity Corporate Bond ETF Company Profile

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.