Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Decrease in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 1,636 shares, a drop of 82.5% from the June 30th total of 9,355 shares. Based on an average daily trading volume, of 6,347 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Fidelity Low Duration Bond ETF Trading Up 0.1%

Shares of Fidelity Low Duration Bond ETF stock traded up $0.04 during trading on Friday, reaching $50.37. The company’s stock had a trading volume of 1,782 shares, compared to its average volume of 7,313. The business’s 50-day moving average price is $50.33 and its 200-day moving average price is $50.39. Fidelity Low Duration Bond ETF has a 52 week low of $50.15 and a 52 week high of $50.93.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 29th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Fidelity Low Duration Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after buying an additional 1,759 shares in the last quarter. Midwest Financial Network LLC acquired a new stake in Fidelity Low Duration Bond ETF during the first quarter worth approximately $222,000. Cetera Investment Advisers acquired a new stake in Fidelity Low Duration Bond ETF during the second quarter worth approximately $234,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF during the 1st quarter worth $341,000. Finally, Envestnet Asset Management Inc. increased its stake in Fidelity Low Duration Bond ETF by 135.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock worth $680,000 after acquiring an additional 7,741 shares during the period.

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. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.