Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 8,287 shares, a growth of 227.8% from the August 31st total of 2,528 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,603 shares, the short-interest ratio is presently 1.0 days.
Fidelity Low Duration Bond ETF Stock Performance
Shares of FLDB traded up $0.02 during trading hours on Friday, hitting $50.29. 14,601 shares of the company were exchanged, compared to its average volume of 8,484. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.15 and a fifty-two week high of $50.93. The firm’s fifty day moving average is $50.32 and its 200 day moving average is $50.34.
Fidelity Low Duration Bond ETF Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a dividend of $0.1670 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.00 annualized dividend and a yield of 4.0%.
Hedge Funds Weigh In On Fidelity Low Duration Bond ETF
Fidelity Low Duration Bond ETF Company Profile
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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