Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Significant Decrease in Short Interest

Fidelity Total Bond ETF (NYSEARCA:FBND) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 128,462 shares, a decrease of 77.5% from the September 15th total of 570,772 shares. Based on an average daily volume of 4,461,135 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND remained flat at $43.45 during trading hours on Friday. 4,328,221 shares of the company’s stock traded hands, compared to its average volume of 3,145,054. The firm has a fifty day moving average price of $44.41 and a two-hundred day moving average price of $45.12. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Institutional Trading of Fidelity Total Bond ETF

Several large investors have recently added to or reduced their stakes in FBND. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF during the second quarter worth approximately $37,000. Manning & Napier Advisors LLC bought a new stake in Fidelity Total Bond ETF during the first quarter worth approximately $53,000. Finally, Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 180.6% during the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares in the last quarter.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.