Short Interest in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Drops By 66.1%

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 11,426 shares, a decrease of 66.1% from the November 30th total of 33,738 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 35,348 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 35,348 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Fidelity Limited Term Bond ETF Stock Up 0.2%

FLTB opened at $50.87 on Friday. The firm’s 50 day moving average is $50.76 and its 200-day moving average is $50.62. Fidelity Limited Term Bond ETF has a 52-week low of $49.41 and a 52-week high of $51.07. The firm has a market capitalization of $279.79 million, a P/E ratio of 32.20 and a beta of 0.10.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

Several large investors have recently made changes to their positions in FLTB. Focus Partners Advisor Solutions LLC bought a new position in Fidelity Limited Term Bond ETF during the first quarter valued at approximately $1,056,000. Algorithmic Investment Models LLC acquired a new position in shares of Fidelity Limited Term Bond ETF during the 1st quarter worth $2,396,000. Jones Financial Companies Lllp increased its stake in shares of Fidelity Limited Term Bond ETF by 1,269.0% during the 1st quarter. Jones Financial Companies Lllp now owns 6,270 shares of the company’s stock worth $314,000 after purchasing an additional 5,812 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Fidelity Limited Term Bond ETF by 315.5% during the 1st quarter. Jane Street Group LLC now owns 33,976 shares of the company’s stock valued at $1,702,000 after purchasing an additional 25,798 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Fidelity Limited Term Bond ETF by 3,043.4% during the 1st quarter. Focus Partners Wealth now owns 20,118 shares of the company’s stock valued at $1,008,000 after purchasing an additional 19,478 shares in the last quarter. Institutional investors own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Company Profile

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.