Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Short Interest Falls 53.0%

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 570,772 shares, a drop of 53.0% from the August 31st total of 1,214,103 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,634,916 shares, the short-interest ratio is presently 0.2 days.

Fidelity Total Bond ETF Trading Down 0.1%

Fidelity Total Bond ETF stock traded down $0.05 during midday trading on Wednesday, hitting $43.30. The stock had a trading volume of 4,064,642 shares, compared to its average volume of 3,025,917. The business has a fifty day moving average price of $44.66 and a 200 day moving average price of $45.25. Fidelity Total Bond ETF has a 12 month low of $43.22 and a 12 month high of $46.86. The stock has a market cap of $27.81 billion, a P/E ratio of 8.94 and a beta of 0.27.

Institutional Trading of Fidelity Total Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 9.3% in 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. Barry Investment Advisors LLC raised its holdings in Fidelity Total Bond ETF by 22.6% during the 1st quarter. Barry Investment Advisors LLC now owns 128,125 shares of the company’s stock worth $5,868,000 after buying an additional 23,595 shares during the period. Milestone Investment Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 5.0% in the fourth quarter. Milestone Investment Advisors LLC now owns 275,916 shares of the company’s stock worth $12,703,000 after acquiring an additional 13,144 shares in the last quarter. Waterway Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 2,335.5% during the first quarter. Waterway Wealth Management LLC now owns 184,513 shares of the company’s stock valued at $8,417,000 after acquiring an additional 176,937 shares during the period. Finally, WBH Advisory Inc. lifted its position in shares of Fidelity Total Bond ETF by 3.0% in the 1st quarter. WBH Advisory Inc. now owns 733,804 shares of the company’s stock valued at $33,469,000 after acquiring an additional 21,407 shares in the last quarter.

About Fidelity Total Bond ETF

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.