Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Down 82.5% in July

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,636 shares, a drop of 82.5% from the June 30th total of 9,355 shares. Based on an average daily volume of 6,347 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

A number of large investors have recently added to or reduced their stakes in FLDB. Cetera Investment Advisers acquired a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter valued at $234,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Low Duration Bond ETF by 2,138.2% in the second quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock valued at $982,000 after purchasing an additional 18,602 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Fidelity Low Duration Bond ETF by 110.0% in the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,579 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Low Duration Bond ETF by 135.7% in the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after purchasing an additional 7,741 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of Fidelity Low Duration Bond ETF in the fourth quarter valued at about $412,000.

Fidelity Low Duration Bond ETF Price Performance

NASDAQ FLDB traded up $0.04 during trading on Friday, reaching $50.37. 1,782 shares of the company’s stock were exchanged, compared to its average volume of 7,313. The business has a 50 day moving average price of $50.33 and a 200-day moving average price of $50.39. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.15 and a fifty-two week high of $50.93.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 29th were issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.