Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Shorted: Short Interest Up 70.4% in September

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 17,422 shares, a growth of 70.4% from the September 15th total of 10,225 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 64,822 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Corporate Bond ETF Stock Up 0.7%

Fidelity Corporate Bond ETF stock traded up $0.30 during trading on Thursday, reaching $45.22. 67,683 shares of the company’s stock were exchanged, compared to its average volume of 42,129. Fidelity Corporate Bond ETF has a 52-week low of $44.39 and a 52-week high of $48.79. The company’s 50-day moving average is $45.69 and its two-hundred day moving average is $46.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FCOR. Fifth Third Bancorp acquired a new stake in Fidelity Corporate Bond ETF in the first quarter valued at approximately $39,000. Royal Bank of Canada lifted its position in shares of Fidelity Corporate Bond ETF by 41.5% during the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock worth $272,000 after purchasing an additional 1,691 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Fidelity Corporate Bond ETF by 40.4% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 6,373 shares of the company’s stock valued at $284,000 after purchasing an additional 1,835 shares during the period. Kestra Private Wealth Services LLC increased its stake in Fidelity Corporate Bond ETF by 55.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,577 shares of the company’s stock worth $451,000 after buying an additional 3,405 shares during the period. Finally, Midwest Financial Network LLC acquired a new position in Fidelity Corporate Bond ETF in the 1st quarter worth $495,000.

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.