Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Drop in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,908 shares, a decrease of 64.9% from the September 15th total of 8,287 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Low Duration Bond ETF Trading Up 0.0%

FLDB traded up $0.01 on Tuesday, hitting $50.26. 2,011 shares of the company were exchanged, compared to its average volume of 9,885. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.06 and a fifty-two week high of $50.93. The business’s fifty day moving average is $50.28 and its 200 day moving average is $50.32.

Fidelity Low Duration Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 29th were given a $0.1580 dividend. This is a decrease from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1670. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 29th.

Institutional Trading of Fidelity Low Duration Bond ETF

A number of institutional investors have recently modified their holdings of the company. Midwest Financial Network LLC grew its position in shares of Fidelity Low Duration Bond ETF by 119.6% during the third quarter. Midwest Financial Network LLC now owns 20,210 shares of the company’s stock worth $1,013,000 after buying an additional 11,005 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Low Duration Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,108 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Fidelity Low Duration Bond ETF during the 2nd quarter worth $51,000. Harmony Asset Management LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF in the 1st quarter worth about $6,980,000. Finally, RCS Financial Planning LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF in the first quarter valued at approximately $341,000.

Fidelity Low Duration Bond ETF Company Profile

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.