Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Sees Significant Drop in Short Interest

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,301 shares, a drop of 37.8% from the July 15th total of 11,732 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 4,564 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Fidelity Tactical Bond ETF

Several large investors have recently made changes to their positions in FTBD. Sunbelt Securities Inc. boosted its stake in Fidelity Tactical Bond ETF by 6.8% in the 1st quarter. Sunbelt Securities Inc. now owns 4,476 shares of the company’s stock worth $220,000 after purchasing an additional 286 shares in the last quarter. Advisory Services Network LLC bought a new stake in Fidelity Tactical Bond ETF during the 3rd quarter valued at about $25,000. Osaic Holdings Inc. raised its holdings in Fidelity Tactical Bond ETF by 12.8% in the second quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock worth $260,000 after buying an additional 596 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Fidelity Tactical Bond ETF in the fourth quarter worth approximately $66,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Fidelity Tactical Bond ETF by 26.2% during the first quarter. Arkadios Wealth Advisors now owns 7,951 shares of the company’s stock valued at $391,000 after buying an additional 1,652 shares during the last quarter.

Fidelity Tactical Bond ETF Price Performance

FTBD traded up $0.22 during trading on Wednesday, reaching $48.69. The stock had a trading volume of 1,127 shares, compared to its average volume of 4,406. The stock’s 50 day moving average is $48.92 and its two-hundred day moving average is $49.29. Fidelity Tactical Bond ETF has a one year low of $48.23 and a one year high of $50.56.

Fidelity Tactical Bond ETF Company Profile

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.