Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Up 67.8% in May

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 15,427 shares, a growth of 67.8% from the May 14th total of 9,195 shares. Based on an average daily volume of 54,785 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in Fidelity Limited Term Bond ETF by 1,269.0% in the 1st quarter. Jones Financial Companies Lllp now owns 6,270 shares of the company’s stock worth $314,000 after purchasing an additional 5,812 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Fidelity Limited Term Bond ETF by 315.5% in the first quarter. Jane Street Group LLC now owns 33,976 shares of the company’s stock valued at $1,702,000 after purchasing an additional 25,798 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Fidelity Limited Term Bond ETF by 3,043.4% in the first quarter. Focus Partners Wealth now owns 20,118 shares of the company’s stock valued at $1,008,000 after purchasing an additional 19,478 shares during the last quarter. Cetera Investment Advisers purchased a new position in Fidelity Limited Term Bond ETF during the second quarter worth approximately $518,000. Finally, JPMorgan Chase & Co. boosted its stake in Fidelity Limited Term Bond ETF by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 11,695 shares of the company’s stock worth $589,000 after buying an additional 916 shares during the last quarter. 2.01% of the stock is owned by hedge funds and other institutional investors.

Fidelity Limited Term Bond ETF Trading Up 0.0%

FLTB stock traded up $0.02 during midday trading on Monday, reaching $50.26. The stock had a trading volume of 33,445 shares, compared to its average volume of 50,086. Fidelity Limited Term Bond ETF has a 52-week low of $49.98 and a 52-week high of $51.15. The company’s fifty day simple moving average is $50.30 and its 200 day simple moving average is $50.56. The company has a market cap of $392.03 million, a price-to-earnings ratio of 31.81 and a beta of 0.11.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.