Fidelity Limited Term Bond ETF (NYSEARCA:FLTB – Get Free Report) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 1,685 shares, a drop of 91.6% from the July 30th total of 20,079 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 48,424 shares, the days-to-cover ratio is currently 0.0 days.
Fidelity Limited Term Bond ETF Trading Up 0.2%
Shares of NYSEARCA:FLTB traded up $0.11 on Tuesday, reaching $50.15. The company had a trading volume of 31,359 shares, compared to its average volume of 49,119. The firm has a market capitalization of $416.25 million, a PE ratio of 31.74 and a beta of 0.11. Fidelity Limited Term Bond ETF has a 52-week low of $49.42 and a 52-week high of $51.15. The firm’s 50 day simple moving average is $50.08 and its 200-day simple moving average is $50.31.
Hedge Funds Weigh In On Fidelity Limited Term Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in FLTB. Garton & Associates Financial Advisors LLC bought a new stake in shares of Fidelity Limited Term Bond ETF in the 4th quarter valued at about $40,000. Root Financial Partners LLC bought a new position in shares of Fidelity Limited Term Bond ETF during the 1st quarter worth approximately $68,000. Rockefeller Capital Management L.P. lifted its position in Fidelity Limited Term Bond ETF by 50.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock valued at $80,000 after acquiring an additional 525 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Fidelity Limited Term Bond ETF during the fourth quarter valued at approximately $89,000. Finally, Comerica Bank acquired a new stake in Fidelity Limited Term Bond ETF in the fourth quarter valued at approximately $101,000. Hedge funds and other institutional investors own 2.01% of the company’s stock.
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.
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