Short Interest in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Grows By 3,629.4%

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 75,223 shares, an increase of 3,629.4% from the April 30th total of 2,017 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 647,768 shares, the short-interest ratio is presently 0.1 days.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of FLDR traded up $0.01 during midday trading on Wednesday, hitting $50.20. The stock had a trading volume of 399,600 shares, compared to its average volume of 326,023. The company has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $50.24. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62.

Institutional Investors Weigh In On Fidelity Low Duration Bond Factor ETF

Several institutional investors have recently bought and sold shares of the company. Anson Capital Inc. boosted its position in Fidelity Low Duration Bond Factor ETF by 1.9% during the 4th quarter. Anson Capital Inc. now owns 11,228 shares of the company’s stock worth $564,000 after acquiring an additional 207 shares during the last quarter. Sugar Maple Asset Management LLC lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 2.8% in the second quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock worth $434,000 after purchasing an additional 232 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Low Duration Bond Factor ETF by 61.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 808 shares of the company’s stock worth $41,000 after purchasing an additional 306 shares during the last quarter. Virtus Wealth Solutions LLC grew its position in Fidelity Low Duration Bond Factor ETF by 2.8% in the fourth quarter. Virtus Wealth Solutions LLC now owns 13,173 shares of the company’s stock valued at $662,000 after purchasing an additional 359 shares in the last quarter. Finally, NWF Advisory Services Inc. grew its position in Fidelity Low Duration Bond Factor ETF by 0.6% in the first quarter. NWF Advisory Services Inc. now owns 71,273 shares of the company’s stock valued at $3,567,000 after purchasing an additional 392 shares in the last quarter.

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.