Short Interest in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Increases By 270.7%

Fidelity Low Duration Bond ETF (NASDAQ:FLDBGet Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,065 shares, an increase of 270.7% from the July 15th total of 1,636 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 11,790 shares, the short-interest ratio is presently 0.5 days.

Fidelity Low Duration Bond ETF Stock Down 0.0%

Shares of FLDB stock opened at $50.28 on Thursday. Fidelity Low Duration Bond ETF has a 12-month low of $50.15 and a 12-month high of $50.93. The stock’s 50-day moving average price is $50.32 and its 200-day moving average price is $50.37.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th were issued a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, July 30th.

Institutional Trading of Fidelity Low Duration Bond ETF

Several hedge funds have recently modified their holdings of FLDB. Harmony Asset Management LLC bought a new stake in Fidelity Low Duration Bond ETF in the first quarter worth $6,980,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF during the first quarter valued at $341,000. Cetera Investment Advisers grew its stake in shares of Fidelity Low Duration Bond ETF by 220.0% in the 4th quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after buying an additional 12,136 shares in the last quarter. &PARTNERS purchased a new position in shares of Fidelity Low Duration Bond ETF in the 4th quarter worth $767,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fidelity Low Duration Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after buying an additional 1,759 shares during the last quarter.

About Fidelity Low Duration Bond ETF

(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.

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