Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Large Increase in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 8,287 shares, a growth of 227.8% from the August 31st total of 2,528 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,603 shares, the short-interest ratio is presently 1.0 days.

Fidelity Low Duration Bond ETF Trading Up 0.0%

Shares of NASDAQ FLDB traded up $0.02 during mid-day trading on Friday, hitting $50.29. 14,601 shares of the company traded hands, compared to its average volume of 8,484. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93. The business has a 50 day moving average of $50.32 and a two-hundred day moving average of $50.34.

Fidelity Low Duration Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 28th were paid a dividend of $0.1670 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF during the second quarter valued at approximately $51,000. Midwest Financial Network LLC purchased a new stake in shares of Fidelity Low Duration Bond ETF in the 1st quarter valued at approximately $222,000. RCS Financial Planning LLC acquired a new position in Fidelity Low Duration Bond ETF in the 1st quarter worth approximately $341,000. Envestnet Asset Management Inc. boosted its stake in Fidelity Low Duration Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock worth $1,653,000 after purchasing an additional 4,108 shares during the period. Finally, Harmony Asset Management LLC purchased a new position in Fidelity Low Duration Bond ETF during the 1st quarter worth approximately $6,980,000.

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.