Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Update

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 21,130 shares, a decline of 77.0% from the December 31st total of 91,834 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,809 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 41,809 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Fidelity Corporate Bond ETF by 634.2% during the second quarter. Osaic Holdings Inc. now owns 27,592 shares of the company’s stock worth $1,307,000 after purchasing an additional 23,834 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity Corporate Bond ETF by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock valued at $7,525,000 after buying an additional 17,773 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Fidelity Corporate Bond ETF by 127.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock worth $898,000 after acquiring an additional 10,638 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Fidelity Corporate Bond ETF during the 2nd quarter worth approximately $825,000. Finally, Millington Financial Advisors LLC boosted its position in shares of Fidelity Corporate Bond ETF by 3.6% during the 2nd quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock worth $2,226,000 after acquiring an additional 1,655 shares in the last quarter.

Fidelity Corporate Bond ETF Price Performance

Fidelity Corporate Bond ETF stock traded down $0.10 during mid-day trading on Wednesday, reaching $47.98. 39,588 shares of the company were exchanged, compared to its average volume of 42,727. The company has a fifty day simple moving average of $48.01 and a 200-day simple moving average of $47.91. Fidelity Corporate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.79.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.