Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 835 shares, a drop of 84.7% from the July 30th total of 5,458 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 33,331 shares, the days-to-cover ratio is currently 0.0 days.
Fidelity Corporate Bond ETF Price Performance
Shares of FCOR traded down $0.07 during trading hours on Wednesday, reaching $46.44. 14,961 shares of the company traded hands, compared to its average volume of 38,426. The business has a fifty day moving average price of $46.69 and a 200-day moving average price of $47.20. Fidelity Corporate Bond ETF has a 12-month low of $46.11 and a 12-month high of $48.79.
Hedge Funds Weigh In On Fidelity Corporate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in Fidelity Corporate Bond ETF in the 1st quarter worth approximately $39,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Corporate Bond ETF by 8,233.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 988 shares during the period. Advisory Services Network LLC purchased a new stake in Fidelity Corporate Bond ETF during the third quarter worth $76,000. Private Advisor Group LLC acquired a new stake in Fidelity Corporate Bond ETF during the third quarter valued at $276,000. Finally, Royal Bank of Canada grew its position in Fidelity Corporate Bond ETF by 41.5% during the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after buying an additional 1,691 shares during the period.
Fidelity Corporate Bond ETF Company Profile
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.
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