Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Up 134.3% in December

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 26,774 shares, an increase of 134.3% from the December 15th total of 11,426 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 42,780 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 42,780 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity Limited Term Bond ETF Stock Down 0.0%

Shares of NYSEARCA FLTB traded down $0.02 during midday trading on Friday, reaching $50.72. 26,779 shares of the stock were exchanged, compared to its average volume of 61,914. The firm has a market cap of $344.86 million, a price-to-earnings ratio of 32.10 and a beta of 0.10. The firm has a 50-day simple moving average of $50.75 and a two-hundred day simple moving average of $50.66. Fidelity Limited Term Bond ETF has a twelve month low of $49.41 and a twelve month high of $51.07.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

A number of institutional investors have recently modified their holdings of the business. Spire Wealth Management acquired a new position in Fidelity Limited Term Bond ETF in the 4th quarter worth about $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Limited Term Bond ETF during the 2nd quarter valued at approximately $39,000. MMA Asset Management LLC purchased a new position in shares of Fidelity Limited Term Bond ETF during the 3rd quarter valued at approximately $53,000. Compass Ion Advisors LLC purchased a new stake in Fidelity Limited Term Bond ETF in the 2nd quarter worth $201,000. Finally, Clearstead Trust LLC acquired a new position in Fidelity Limited Term Bond ETF during the third quarter worth $236,000. 2.01% of the stock is currently owned by institutional investors and hedge funds.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.