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

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,358 shares, a decrease of 95.5% from the October 15th total of 97,319 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 423,315 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 3rd quarter worth $33,433,000. Wealth Management Resources Inc. acquired a new position in shares of Fidelity Low Duration Bond Factor ETF during the third quarter worth about $15,891,000. Kestra Advisory Services LLC increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 29.9% during the third quarter. Kestra Advisory Services LLC now owns 527,890 shares of the company’s stock worth $26,264,000 after acquiring an additional 121,542 shares during the period. HighTower Advisors LLC acquired a new position in shares of Fidelity Low Duration Bond Factor ETF during the third quarter worth about $4,795,000. Finally, Fortis Capital Management LLC purchased a new position in Fidelity Low Duration Bond Factor ETF during the first quarter worth about $3,279,000.

Fidelity Low Duration Bond Factor ETF Trading Down 0.1%

FLDR stock traded down $0.04 during trading on Tuesday, hitting $49.92. The company had a trading volume of 111,950 shares, compared to its average volume of 328,983. Fidelity Low Duration Bond Factor ETF has a 52-week low of $49.02 and a 52-week high of $50.46. The company has a 50 day simple moving average of $49.93 and a 200-day simple moving average of $50.11.

Fidelity Low Duration Bond Factor ETF Company Profile

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.