Short Interest in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Rises By 182.9%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,160 shares, a growth of 182.9% from the July 30th total of 6,065 shares. Based on an average daily volume of 8,283 shares, the short-interest ratio is presently 2.1 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLDB. Harmony Asset Management LLC acquired a new position in Fidelity Low Duration Bond ETF during the 1st quarter worth approximately $6,980,000. RCS Financial Planning LLC acquired a new position in Fidelity Low Duration Bond ETF during the 1st quarter worth about $341,000. Cetera Investment Advisers boosted its holdings in Fidelity Low Duration Bond ETF by 220.0% in the fourth quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock valued at $889,000 after acquiring an additional 12,136 shares during the last quarter. &PARTNERS bought a new stake in shares of Fidelity Low Duration Bond ETF in the 4th quarter valued at $767,000. Finally, JPMorgan Chase & Co. boosted its position in Fidelity Low Duration Bond ETF by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after acquiring an additional 1,759 shares during the last quarter.

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Fidelity Low Duration Bond ETF Trading Down 0.3%

Fidelity Low Duration Bond ETF stock traded down $0.16 during midday trading on Friday, reaching $50.28. 2,917 shares of the company’s stock were exchanged, compared to its average volume of 7,867. The stock’s 50-day simple moving average is $50.33 and its 200 day simple moving average is $50.37. Fidelity Low Duration Bond ETF has a 52 week low of $50.15 and a 52 week high of $50.93.

Fidelity Low Duration Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 28th will be paid a $0.167 dividend. The ex-dividend date is Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.

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