Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Update

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 206,655 shares, a decline of 80.6% from the July 15th total of 1,064,529 shares. Based on an average trading volume of 2,888,021 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in FBND. Morgan Stanley increased its position in shares of Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $141,726,000. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, Legacy Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.89 on Wednesday. The company has a market capitalization of $27.19 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The stock has a 50-day moving average price of $45.28 and a 200 day moving average price of $45.69.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.