Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Down 53.6% in January

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,813 shares, a drop of 53.6% from the January 15th total of 21,130 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,726 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 43,726 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Fidelity Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity Corporate Bond ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock valued at $7,525,000 after buying an additional 17,773 shares in the last quarter. Cetera Investment Advisers raised its stake 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 last quarter. Jaffetilchin Investment Partners LLC acquired a new position in shares of Fidelity Corporate Bond ETF during the 2nd quarter worth $825,000. Finally, Millington Financial Advisors LLC boosted its position 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 worth $2,226,000 after buying an additional 1,655 shares in the last quarter.

Fidelity Corporate Bond ETF Trading Up 0.4%

FCOR stock traded up $0.20 on Thursday, reaching $48.20. 23,330 shares of the company’s stock were exchanged, compared to its average volume of 39,836. The stock has a fifty day moving average of $47.96 and a 200-day moving average of $47.97. Fidelity Corporate Bond ETF has a twelve month low of $45.00 and a twelve month high of $48.79.

Fidelity Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were paid a dividend of $0.168 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.