Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Down 67.0% in February

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 26,262 shares, a drop of 67.0% from the February 12th total of 79,609 shares. Based on an average daily trading volume, of 57,175 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 57,175 shares, the days-to-cover ratio is presently 0.5 days.

Fidelity Limited Term Bond ETF Stock Down 0.1%

Shares of FLTB stock traded down $0.05 during mid-day trading on Friday, reaching $50.41. The stock had a trading volume of 44,076 shares, compared to its average volume of 50,475. The firm’s 50 day simple moving average is $50.77 and its 200 day simple moving average is $50.76. Fidelity Limited Term Bond ETF has a one year low of $49.41 and a one year high of $51.15. The firm has a market cap of $357.91 million, a PE ratio of 31.91 and a beta of 0.10.

Fidelity Limited Term Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.9%. Fidelity Limited Term Bond ETF’s payout ratio is currently 138.61%.

Institutional Trading of Fidelity Limited Term Bond ETF

Several institutional investors have recently made changes to their positions in FLTB. Global Retirement Partners LLC lifted its stake in Fidelity Limited Term Bond ETF by 3,519.4% during the third quarter. Global Retirement Partners LLC now owns 84,513 shares of the company’s stock worth $4,281,000 after purchasing an additional 82,178 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Fidelity Limited Term Bond ETF in the 2nd quarter valued at approximately $1,492,000. Centurion Wealth Management LLC bought a new position in shares of Fidelity Limited Term Bond ETF during the 3rd quarter worth approximately $1,018,000. Osaic Holdings Inc. boosted its stake in Fidelity Limited Term Bond ETF by 19.3% in the 2nd quarter. Osaic Holdings Inc. now owns 96,898 shares of the company’s stock valued at $4,888,000 after buying an additional 15,702 shares in the last quarter. Finally, Elevation Capital Advisory LLC bought a new stake in Fidelity Limited Term Bond ETF in the third quarter valued at $1,659,000. 2.01% of the stock is currently owned by institutional investors and hedge funds.

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.