Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,214,103 shares, a growth of 168.5% from the August 15th total of 452,183 shares. Based on an average daily volume of 2,677,059 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.
Fidelity Total Bond ETF Stock Down 0.0%
Shares of FBND stock opened at $44.24 on Friday. The firm has a market cap of $26.80 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.21 and a 12 month high of $46.86. The stock has a 50 day moving average of $44.96 and a 200-day moving average of $45.46.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Capital Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after acquiring an additional 53,398 shares during the period. Barry Investment Advisors LLC grew its holdings in Fidelity Total Bond ETF by 36.7% during the second quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after purchasing an additional 47,024 shares during the period. Hicks Capital Management LLC increased its stake in Fidelity Total Bond ETF by 11.3% in the fourth quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock valued at $11,599,000 after purchasing an additional 25,669 shares in the last quarter. Global Retirement Partners LLC increased its stake in Fidelity Total Bond ETF by 5.6% in the fourth quarter. Global Retirement Partners LLC now owns 759,690 shares of the company’s stock valued at $34,976,000 after purchasing an additional 40,263 shares in the last quarter. Finally, Milestone Investment Advisors LLC raised its holdings in Fidelity Total Bond ETF by 5.0% in the fourth quarter. Milestone Investment Advisors LLC now owns 275,916 shares of the company’s stock worth $12,703,000 after purchasing an additional 13,144 shares during the period.
Fidelity Total Bond ETF Company Profile
The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.
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