Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,561 shares, a decline of 52.2% from the June 15th total of 5,361 shares. Based on an average daily trading volume, of 33,316 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On Fidelity Corporate Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of FCOR. Midwest Financial Network LLC lifted its position in shares of Fidelity Corporate Bond ETF by 96.9% during the 2nd quarter. Midwest Financial Network LLC now owns 20,692 shares of the company’s stock worth $976,000 after purchasing an additional 10,182 shares during the last quarter. Bank of America Corp DE increased its holdings in Fidelity Corporate Bond ETF by 1.0% in the first quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock valued at $2,841,000 after buying an additional 608 shares during the last quarter. Royal Bank of Canada raised its stake in Fidelity Corporate Bond ETF by 41.5% in the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after buying an additional 1,691 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity Corporate Bond ETF by 15.3% during the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock worth $11,127,000 after buying an additional 31,357 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Fidelity Corporate Bond ETF by 4.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock worth $537,000 after buying an additional 492 shares during the last quarter.
Fidelity Corporate Bond ETF Stock Performance
FCOR stock opened at $46.63 on Tuesday. The company’s 50 day moving average price is $47.13 and its 200 day moving average price is $47.53. Fidelity Corporate Bond ETF has a fifty-two week low of $46.57 and a fifty-two week high of $48.79.
Fidelity Corporate Bond ETF Company Profile
The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.
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