Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 15,427 shares, an increase of 67.8% from the May 14th total of 9,195 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 54,785 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Limited Term Bond ETF Stock Performance

Shares of Fidelity Limited Term Bond ETF stock traded down $0.01 during trading on Wednesday, reaching $50.25. The company had a trading volume of 17,509 shares, compared to its average volume of 49,659. The company has a market cap of $391.95 million, a price-to-earnings ratio of 31.80 and a beta of 0.11. The firm’s fifty day moving average is $50.30 and its 200-day moving average is $50.55. Fidelity Limited Term Bond ETF has a fifty-two week low of $49.98 and a fifty-two week high of $51.15.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Grey Ledge Advisors LLC raised its stake in shares of Fidelity Limited Term Bond ETF by 0.7% in the 1st quarter. Grey Ledge Advisors LLC now owns 36,334 shares of the company’s stock valued at $1,827,000 after purchasing an additional 268 shares in the last quarter. Lakeridge Wealth Management LLC grew its position in shares of Fidelity Limited Term Bond ETF by 2.0% during the 4th quarter. Lakeridge Wealth Management LLC now owns 18,915 shares of the company’s stock valued at $958,000 after buying an additional 375 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Fidelity Limited Term Bond ETF by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 9,905 shares of the company’s stock valued at $499,000 after buying an additional 438 shares during the last quarter. Cahill Financial Advisors Inc. grew its position in shares of Fidelity Limited Term Bond ETF by 4.8% during the 4th quarter. Cahill Financial Advisors Inc. now owns 11,074 shares of the company’s stock valued at $561,000 after buying an additional 505 shares during the last quarter. Finally, Roxbury Financial LLC grew its position in shares of Fidelity Limited Term Bond ETF by 32.9% during the 1st quarter. Roxbury Financial LLC now owns 2,096 shares of the company’s stock valued at $105,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.