Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 642,669 shares, an increase of 400.3% from the September 30th total of 128,462 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,682,724 shares, the short-interest ratio is presently 0.1 days.
Fidelity Total Bond ETF Stock Down 0.0%
NYSEARCA:FBND opened at $44.08 on Tuesday. The stock’s fifty day simple moving average is $44.17 and its 200-day simple moving average is $45.32. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86. The firm has a market capitalization of $28.42 billion, a P/E ratio of 8.94 and a beta of 0.28.
Hedge Funds Weigh In On Fidelity Total Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 521.8% during the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after acquiring an additional 3,219,570 shares during the period. Sax Wealth Advisors LLC grew its stake in Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after purchasing an additional 2,236,473 shares during the period. Legacy Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after purchasing an additional 1,388,283 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares in the last quarter.
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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