Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Stock Short Interest Jumps 203.9%

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 42,167 shares, an increase of 203.9% from the August 31st total of 13,875 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 375,564 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Low Duration Bond Factor ETF Stock Performance

FLDR opened at $49.92 on Monday. The company has a 50-day moving average price of $50.05 and a 200 day moving average price of $50.11. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financially Speaking Inc increased its holdings in shares of Fidelity Low Duration Bond Factor ETF by 223.8% during the 4th quarter. Financially Speaking Inc now owns 349,000 shares of the company’s stock worth $17,530,000 after buying an additional 241,216 shares during the last quarter. Fortis Capital Management LLC purchased a new stake in Fidelity Low Duration Bond Factor ETF during the first quarter worth about $3,279,000. Koshinski Asset Management Inc. lifted its holdings in Fidelity Low Duration Bond Factor ETF by 55.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 175,834 shares of the company’s stock worth $8,800,000 after buying an additional 62,784 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity Low Duration Bond Factor ETF by 22.6% in the first quarter. Kestra Advisory Services LLC now owns 302,142 shares of the company’s stock valued at $15,122,000 after purchasing an additional 55,742 shares during the period. Finally, Tableaux LLC grew its position in shares of Fidelity Low Duration Bond Factor ETF by 60.0% during the fourth quarter. Tableaux LLC now owns 131,769 shares of the company’s stock worth $6,619,000 after buying an additional 49,427 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.