Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Rises By 1,050.9%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 9,610 shares, a growth of 1,050.9% from the August 15th total of 835 shares. Based on an average trading volume of 40,609 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity Corporate Bond ETF Stock Down 0.7%

NYSEARCA:FCOR traded down $0.34 during trading hours on Thursday, hitting $45.63. The stock had a trading volume of 43,408 shares, compared to its average volume of 38,814. Fidelity Corporate Bond ETF has a one year low of $45.62 and a one year high of $48.79. The business’s 50 day moving average is $46.41 and its 200-day moving average is $47.02.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Fidelity Corporate Bond ETF in the 1st quarter valued at $39,000. Sunbelt Securities Inc. raised its stake in Fidelity Corporate Bond ETF by 8,233.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock worth $48,000 after buying an additional 988 shares during the period. Advisory Services Network LLC bought a new position in Fidelity Corporate Bond ETF during the third quarter worth about $76,000. Private Advisor Group LLC bought a new position in Fidelity Corporate Bond ETF during the third quarter worth about $276,000. Finally, Royal Bank of Canada grew its stake in Fidelity Corporate Bond ETF by 41.5% in the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after acquiring an additional 1,691 shares during the period.

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.