Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Up 67.8% in May

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 15,427 shares, an increase of 67.8% from the May 14th total of 9,195 shares. Based on an average trading volume of 54,785 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity Limited Term Bond ETF Trading Up 0.0%

Fidelity Limited Term Bond ETF stock traded up $0.02 during trading on Monday, hitting $50.26. The company had a trading volume of 33,445 shares, compared to its average volume of 50,086. Fidelity Limited Term Bond ETF has a 1-year low of $49.98 and a 1-year high of $51.15. The company’s 50 day simple moving average is $50.30 and its 200-day simple moving average is $50.56. The stock has a market cap of $392.03 million, a price-to-earnings ratio of 31.81 and a beta of 0.11.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

A number of institutional investors have recently modified their holdings of FLTB. Spire Wealth Management purchased a new position in Fidelity Limited Term Bond ETF during the 4th quarter valued at about $35,000. Garton & Associates Financial Advisors LLC purchased a new stake in Fidelity Limited Term Bond ETF during the fourth quarter worth about $40,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Fidelity Limited Term Bond ETF during the fourth quarter worth about $41,000. Root Financial Partners LLC acquired a new stake in shares of Fidelity Limited Term Bond ETF during the first quarter worth about $68,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Fidelity Limited Term Bond ETF by 50.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock valued at $80,000 after purchasing an additional 525 shares during the period. 2.01% of the stock is 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.