Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Rises By 330.4%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 19,318 shares, a growth of 330.4% from the February 26th total of 4,488 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 52,892 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its stake in shares of Fidelity Corporate Bond ETF by 8,233.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock worth $48,000 after purchasing an additional 988 shares during the period. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter valued at $50,000. Advisory Services Network LLC purchased a new stake in Fidelity Corporate Bond ETF during the third quarter worth $76,000. Asset Dedication LLC purchased a new stake in Fidelity Corporate Bond ETF during the second quarter worth $79,000. Finally, PFG Investments LLC grew its position in Fidelity Corporate Bond ETF by 6.6% during the third quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock valued at $249,000 after buying an additional 320 shares during the period.

Fidelity Corporate Bond ETF Price Performance

Shares of FCOR stock opened at $46.93 on Friday. The business has a 50-day simple moving average of $47.86 and a 200-day simple moving average of $48.03. Fidelity Corporate Bond ETF has a 52-week low of $45.00 and a 52-week high of $48.79.

Fidelity Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.17 per share. This is an increase from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, February 26th.

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.