Fidelity Limited Term Bond ETF (NYSEARCA:FLTB – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,814 shares, a decrease of 42.9% from the May 31st total of 15,427 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 78,585 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Fidelity Limited Term Bond ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Spire Wealth Management acquired a new position in Fidelity Limited Term Bond ETF in the fourth quarter valued at about $35,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Fidelity Limited Term Bond ETF during the fourth quarter valued at about $40,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Fidelity Limited Term Bond ETF during the fourth quarter valued at about $41,000. Root Financial Partners LLC purchased a new stake in shares of Fidelity Limited Term Bond ETF in the 1st quarter valued at approximately $68,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Fidelity Limited Term Bond ETF by 50.2% in the 4th 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 period. 2.01% of the stock is owned by institutional investors and hedge funds.
Fidelity Limited Term Bond ETF Trading Down 0.1%
FLTB stock traded down $0.05 during midday trading on Wednesday, hitting $50.08. 35,512 shares of the company’s stock were exchanged, compared to its average volume of 49,192. Fidelity Limited Term Bond ETF has a 1-year low of $49.98 and a 1-year high of $51.15. The stock has a market capitalization of $390.62 million, a PE ratio of 31.70 and a beta of 0.11. The business has a 50-day simple moving average of $50.25 and a two-hundred day simple moving average of $50.51.
About Fidelity Limited Term Bond ETF
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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