Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Update

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,528 shares, a drop of 85.3% from the August 15th total of 17,160 shares. Based on an average daily volume of 7,903 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter valued at $51,000. Midwest Financial Network LLC acquired a new position in Fidelity Low Duration Bond ETF in the 1st quarter worth $222,000. Cetera Investment Advisers purchased a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at about $234,000. RCS Financial Planning LLC purchased a new position in Fidelity Low Duration Bond ETF in the 1st quarter valued at about $341,000. Finally, LPL Financial LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF during the fourth quarter valued at about $412,000.

Fidelity Low Duration Bond ETF Trading Up 0.0%

Shares of FLDB traded up $0.01 during midday trading on Friday, reaching $50.27. 12,517 shares of the company were exchanged, compared to its average volume of 7,823. Fidelity Low Duration Bond ETF has a 1-year low of $50.15 and a 1-year high of $50.93. The stock has a 50-day moving average price of $50.32 and a 200-day moving average price of $50.35.

Fidelity Low Duration Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 28th were given a $0.167 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a c) annualized dividend and a yield of 4.0%.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.