Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Update

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

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity Low Duration Bond ETF in the 2nd quarter valued at approximately $51,000. Midwest Financial Network LLC bought a new position in Fidelity Low Duration Bond ETF in the first quarter valued at approximately $222,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF in the first quarter valued at approximately $341,000. Envestnet Asset Management Inc. raised its position in Fidelity Low Duration Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,108 shares in the last quarter. Finally, Harmony Asset Management LLC bought a new stake in Fidelity Low Duration Bond ETF during the first quarter worth $6,980,000.

Fidelity Low Duration Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fidelity Low Duration Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Low Duration Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.