Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Update

Fidelity Total Bond ETF (NYSEARCA:FBND) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 452,183 shares, an increase of 118.8% from the July 30th total of 206,655 shares. Based on an average trading volume of 4,305,923 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after buying an additional 53,398 shares in the last quarter. Valley Wealth Managers Inc. lifted its stake in Fidelity Total Bond ETF by 149.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock valued at $2,888,000 after purchasing an additional 37,588 shares during the last quarter. Barry Investment Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 36.7% during the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after acquiring an additional 47,024 shares during the last quarter. Hicks Capital Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 11.3% during the fourth quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock valued at $11,599,000 after purchasing an additional 25,669 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 5.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,757,004 shares of the company’s stock valued at $76,199,000 after acquiring an additional 83,511 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock traded down $0.32 on Friday, hitting $44.77. 2,185,658 shares of the company were exchanged, compared to its average volume of 2,892,128. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86. The business’s fifty day moving average is $45.16 and its two-hundred day moving average is $45.59. The stock has a market capitalization of $27.12 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.