Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Expands By 57.3%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 21,901 shares, a growth of 57.3% from the May 14th total of 13,922 shares. Based on an average daily trading volume, of 35,171 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of Fidelity Corporate Bond ETF by 693.4% during the fourth quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock worth $9,792,000 after purchasing an additional 178,926 shares during the period. Kestra Advisory Services LLC raised its position in shares of Fidelity Corporate Bond ETF by 48.4% during the first quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock worth $16,854,000 after purchasing an additional 116,695 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Fidelity Corporate Bond ETF by 147.6% during the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock worth $6,429,000 after purchasing an additional 79,842 shares during the period. Jaffetilchin Investment Partners LLC raised its position in shares of Fidelity Corporate Bond ETF by 99.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after purchasing an additional 58,744 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Fidelity Corporate Bond ETF during the second quarter worth about $2,252,000.

Fidelity Corporate Bond ETF Stock Performance

NYSEARCA:FCOR remained flat at $47.34 during mid-day trading on Wednesday. The company’s stock had a trading volume of 7,668 shares, compared to its average volume of 37,670. Fidelity Corporate Bond ETF has a 1 year low of $46.57 and a 1 year high of $48.79. The company has a fifty day moving average price of $47.25 and a two-hundred day moving average price of $47.65.

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.