Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Large Decline in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 21,130 shares, a drop of 77.0% from the December 31st total of 91,834 shares. Based on an average daily trading volume, of 41,809 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 41,809 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Several hedge funds have recently bought and sold shares of FCOR. Osaic Holdings Inc. boosted its position in Fidelity Corporate Bond ETF by 634.2% during the second quarter. Osaic Holdings Inc. now owns 27,592 shares of the company’s stock worth $1,307,000 after purchasing an additional 23,834 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Corporate Bond ETF by 12.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock worth $7,525,000 after buying 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% during the 2nd quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock worth $898,000 after buying an additional 10,638 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of Fidelity Corporate Bond ETF during the 2nd quarter worth about $825,000. Finally, Millington Financial Advisors LLC boosted its holdings in shares of Fidelity Corporate Bond ETF by 3.6% during the 2nd quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock worth $2,226,000 after buying an additional 1,655 shares during the period.

Fidelity Corporate Bond ETF Stock Performance

NYSEARCA FCOR traded down $0.10 on Wednesday, hitting $47.98. 39,588 shares of the stock were exchanged, compared to its average volume of 42,727. The business’s fifty day moving average is $48.01 and its 200 day moving average is $47.91. Fidelity Corporate Bond ETF has a 52 week low of $45.00 and a 52 week high of $48.79.

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.