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

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, a decline of 22.2% from the February 28th total of 900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 200 shares, the short-interest ratio is presently 3.5 days.

Fidelity Low Duration Bond ETF Trading Down 0.1 %

Shares of Fidelity Low Duration Bond ETF stock traded down $0.05 during trading on Monday, hitting $50.35. 2,233 shares of the company’s stock were exchanged, compared to its average volume of 227. Fidelity Low Duration Bond ETF has a 52-week low of $50.07 and a 52-week high of $50.66. The business has a 50-day simple moving average of $50.47 and a 200-day simple moving average of $50.48.

Fidelity Low Duration Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th will be given a $0.191 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Fidelity Low Duration Bond ETF’s previous dividend of $0.18.

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.