Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Shares Shorted: Short Interest Up 61.8% in September

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 44,672 shares, a growth of 61.8% from the September 15th total of 27,603 shares. Based on an average daily trading volume, of 82,989 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Fidelity Limited Term Bond ETF Stock Performance

Shares of FLTB remained flat at $49.25 during trading hours on Friday. 38,656 shares of the company were exchanged, compared to its average volume of 56,531. The company has a market cap of $482.65 million, a P/E ratio of 31.17 and a beta of 0.11. Fidelity Limited Term Bond ETF has a 1-year low of $48.89 and a 1-year high of $51.15. The company’s 50 day moving average is $49.59 and its 200-day moving average is $49.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Fidelity Limited Term Bond ETF by 22.4% during the first quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock worth $42,386,000 after purchasing an additional 154,262 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Limited Term Bond ETF by 19.4% in the second quarter. Envestnet Asset Management Inc. now owns 446,264 shares of the company’s stock worth $22,371,000 after purchasing an additional 72,542 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Fidelity Limited Term Bond ETF by 331.0% during the 1st quarter. Sanctuary Advisors LLC now owns 71,713 shares of the company’s stock worth $3,605,000 after buying an additional 55,076 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Fidelity Limited Term Bond ETF during the third quarter valued at approximately $2,385,000. Finally, Waverly Advisors LLC acquired a new position in Fidelity Limited Term Bond ETF during the second quarter valued at approximately $1,494,000. 2.01% of the stock is owned by institutional investors and hedge funds.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.