Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Decrease in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 2,561 shares, a decline of 52.2% from the June 15th total of 5,361 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 33,316 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in Fidelity Corporate Bond ETF by 693.4% during the 4th quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock worth $9,792,000 after buying an additional 178,926 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Fidelity Corporate Bond ETF by 48.4% in the first quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after acquiring an additional 116,695 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its stake in shares of Fidelity Corporate Bond ETF by 99.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock valued at $5,630,000 after acquiring an additional 58,744 shares in the last quarter. Jane Street Group LLC purchased a new position in Fidelity Corporate Bond ETF in the second quarter valued at $2,252,000. Finally, Arwa LLC purchased a new position in Fidelity Corporate Bond ETF in the fourth quarter valued at $1,689,000.

Fidelity Corporate Bond ETF Trading Down 0.4%

Shares of NYSEARCA:FCOR opened at $46.63 on Tuesday. The firm’s 50-day moving average is $47.13 and its two-hundred day moving average is $47.53. Fidelity Corporate Bond ETF has a 1 year low of $46.57 and a 1 year high of $48.79.

About Fidelity Corporate Bond ETF

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.