Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Short Interest Report for October

Fidelity Total Bond ETF (NYSEARCA:FBND) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,702,412 shares, a growth of 631.7% from the October 15th total of 642,669 shares. Based on an average daily volume of 4,367,864 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Several large investors have recently made changes to their positions in FBND. Bank of America Corp DE grew its stake in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Fidelity Total Bond ETF by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after acquiring an additional 587,351 shares during the period. Cetera Investment Advisers lifted its position in Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after acquiring an additional 930,834 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares during the last quarter. Finally, Legacy Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after acquiring an additional 1,995,732 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.6%

Shares of FBND stock opened at $43.72 on Friday. The firm’s fifty day moving average price is $43.95 and its two-hundred day moving average price is $45.18. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.78. The firm has a market capitalization of $28.19 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.