Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Sees Large Decline in Short Interest

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,814 shares, a drop of 42.9% from the May 31st total of 15,427 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 78,585 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

Several institutional investors have recently modified their holdings of the business. Spire Wealth Management bought a new position in Fidelity Limited Term Bond ETF in the fourth quarter valued at approximately $35,000. Garton & Associates Financial Advisors LLC bought a new stake in Fidelity Limited Term Bond ETF in the fourth quarter valued at about $40,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Fidelity Limited Term Bond ETF in the 4th quarter valued at about $41,000. Root Financial Partners LLC acquired a new stake in Fidelity Limited Term Bond ETF in the first quarter worth $68,000. Finally, Rockefeller Capital Management L.P. raised its stake in Fidelity Limited Term Bond ETF by 50.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock worth $80,000 after buying an additional 525 shares during the period. Institutional investors and hedge funds own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Price Performance

Shares of FLTB stock opened at $50.13 on Friday. The firm has a market cap of $411.07 million, a price-to-earnings ratio of 31.73 and a beta of 0.11. Fidelity Limited Term Bond ETF has a 12 month low of $49.98 and a 12 month high of $51.15. The stock has a 50-day moving average price of $50.24 and a 200 day moving average price of $50.51.

Fidelity Limited Term Bond ETF Company Profile

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.