Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Shares Shorted: Short Interest Up 5,747.4% in October

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,111 shares, an increase of 5,747.4% from the October 15th total of 19 shares. Based on an average daily volume of 3,545 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Tactical Bond ETF Stock Down 0.6%

Shares of NYSEARCA:FTBD traded down $0.30 during midday trading on Tuesday, reaching $47.45. 7,185 shares of the company’s stock were exchanged, compared to its average volume of 4,106. The firm’s 50 day simple moving average is $47.51 and its two-hundred day simple moving average is $48.83. Fidelity Tactical Bond ETF has a fifty-two week low of $46.58 and a fifty-two week high of $50.45.

Institutional Investors Weigh In On Fidelity Tactical Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new position in shares of Fidelity Tactical Bond ETF in the 3rd quarter worth approximately $1,502,000. AdvisorNet Financial Inc acquired a new stake in Fidelity Tactical Bond ETF in the 3rd quarter valued at approximately $1,254,000. InTrack Investment Management Inc raised its position in Fidelity Tactical Bond ETF by 152.8% in the second quarter. InTrack Investment Management Inc now owns 24,102 shares of the company’s stock valued at $1,188,000 after purchasing an additional 14,569 shares during the period. BG Investment Services LLC raised its position in Fidelity Tactical Bond ETF by 44.7% in the third quarter. BG Investment Services LLC now owns 17,212 shares of the company’s stock valued at $805,000 after purchasing an additional 5,320 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Fidelity Tactical Bond ETF by 26.2% in the first quarter. Arkadios Wealth Advisors now owns 7,951 shares of the company’s stock valued at $391,000 after purchasing an additional 1,652 shares during the period.

Fidelity Tactical Bond ETF Company Profile

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.