Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Increase in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 13,875 shares, a growth of 460.8% from the August 15th total of 2,474 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 430,433 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Fidelity Low Duration Bond Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC raised its position in shares of Fidelity Low Duration Bond Factor ETF by 2.8% in the second quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock worth $434,000 after acquiring an additional 232 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Low Duration Bond Factor ETF by 61.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 808 shares of the company’s stock valued at $41,000 after acquiring an additional 306 shares during the period. NWF Advisory Services Inc. increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 0.6% in the 1st quarter. NWF Advisory Services Inc. now owns 71,273 shares of the company’s stock valued at $3,567,000 after purchasing an additional 392 shares in the last quarter. Elevated Capital Advisors LLC increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 23.1% in the 1st quarter. Elevated Capital Advisors LLC now owns 2,162 shares of the company’s stock valued at $108,000 after purchasing an additional 406 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter valued at about $25,000.

Fidelity Low Duration Bond Factor ETF Trading Down 0.1%

BATS FLDR opened at $49.96 on Friday. The stock has a 50-day simple moving average of $50.09 and a two-hundred day simple moving average of $50.14. Fidelity Low Duration Bond Factor ETF has a fifty-two week low of $49.02 and a fifty-two week high of $50.62.

About Fidelity Low Duration Bond Factor ETF

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.