Fidelity Limited Term Bond ETF (NYSEARCA:FLTB – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,593 shares, a growth of 201.7% from the June 15th total of 8,814 shares. Based on an average trading volume of 40,502 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short.
Fidelity Limited Term Bond ETF Price Performance
Shares of NYSEARCA FLTB remained flat at $50.06 during mid-day trading on Wednesday. The stock had a trading volume of 4,099 shares, compared to its average volume of 47,902. The stock has a market cap of $415.50 million, a P/E ratio of 31.68 and a beta of 0.11. Fidelity Limited Term Bond ETF has a twelve month low of $49.95 and a twelve month high of $51.15. The business’s fifty day moving average price is $50.19 and its 200-day moving average price is $50.46.
Institutional Investors Weigh In On Fidelity Limited Term Bond ETF
Hedge funds have recently bought and sold shares of the stock. Grey Ledge Advisors LLC grew its position in Fidelity Limited Term Bond ETF by 0.7% during the 1st quarter. Grey Ledge Advisors LLC now owns 36,334 shares of the company’s stock worth $1,827,000 after purchasing an additional 268 shares during the last quarter. Lakeridge Wealth Management LLC raised its holdings in shares of Fidelity Limited Term Bond ETF by 2.0% in the fourth quarter. Lakeridge Wealth Management LLC now owns 18,915 shares of the company’s stock valued at $958,000 after buying an additional 375 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Fidelity Limited Term Bond ETF by 4.6% during the second quarter. Raymond James Financial Inc. now owns 9,905 shares of the company’s stock worth $499,000 after buying an additional 438 shares during the period. Cahill Financial Advisors Inc. grew its holdings in shares of Fidelity Limited Term Bond ETF by 4.8% during the fourth quarter. Cahill Financial Advisors Inc. now owns 11,074 shares of the company’s stock worth $561,000 after buying an additional 505 shares during the last quarter. Finally, Roxbury Financial LLC grew its holdings in shares of Fidelity Limited Term Bond ETF by 32.9% during the first quarter. Roxbury Financial LLC now owns 2,096 shares of the company’s stock worth $105,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.
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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