Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Down 75.5% in June

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,361 shares, a decrease of 75.5% from the May 31st total of 21,901 shares. Based on an average daily volume of 53,439 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Fidelity Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in Fidelity Corporate Bond ETF in the fourth quarter valued at $577,000. Arwa LLC acquired a new stake in shares of Fidelity Corporate Bond ETF during the fourth quarter worth about $1,689,000. RCS Financial Planning LLC acquired a new stake in shares of Fidelity Corporate Bond ETF during the first quarter worth about $756,000. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Fidelity Corporate Bond ETF by 99.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock valued at $5,630,000 after purchasing an additional 58,744 shares during the last quarter. Finally, Camelot Technology Advisors Inc. lifted its holdings in shares of Fidelity Corporate Bond ETF by 6.1% in the 4th quarter. Camelot Technology Advisors Inc. now owns 14,166 shares of the company’s stock valued at $678,000 after purchasing an additional 818 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

FCOR stock traded down $0.15 during mid-day trading on Monday, reaching $47.31. The company had a trading volume of 20,242 shares, compared to its average volume of 37,322. The firm has a fifty day simple moving average of $47.23 and a 200 day simple moving average of $47.60. Fidelity Corporate Bond ETF has a fifty-two week low of $46.57 and a fifty-two 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.