Short Interest in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Declines By 82.5%

Fidelity Low Duration Bond ETF (NASDAQ:FLDBGet Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,636 shares, a decrease of 82.5% from the June 30th total of 9,355 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,347 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Fidelity Low Duration Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Midwest Financial Network LLC acquired a new position in Fidelity Low Duration Bond ETF during the 1st quarter valued at about $222,000. Cetera Investment Advisers bought a new stake in shares of Fidelity Low Duration Bond ETF during the second quarter worth approximately $234,000. RCS Financial Planning LLC bought a new stake in shares of Fidelity Low Duration Bond ETF during the first quarter worth approximately $341,000. LPL Financial LLC acquired a new position in Fidelity Low Duration Bond ETF in the fourth quarter valued at approximately $412,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Fidelity Low Duration Bond ETF by 135.7% in the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after buying an additional 7,741 shares during the period.

Fidelity Low Duration Bond ETF Stock Up 0.0%

Shares of NASDAQ FLDB traded up $0.01 during midday trading on Monday, hitting $50.38. The stock had a trading volume of 7,621 shares, compared to its average volume of 7,314. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.15 and a fifty-two week high of $50.93. The company’s 50-day simple moving average is $50.33 and its 200 day simple moving average is $50.39.

Fidelity Low Duration Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 29th were issued a $0.17 dividend. This is a positive change from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, June 29th.

Fidelity Low Duration Bond ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Fidelity Low Duration Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Low Duration Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.