Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Large Growth in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,472 shares, a growth of 113.7% from the June 30th total of 2,561 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 46,186 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Corporate Bond ETF Trading Down 0.2%

Fidelity Corporate Bond ETF stock traded down $0.11 during mid-day trading on Thursday, hitting $46.28. 9,670 shares of the company’s stock traded hands, compared to its average volume of 38,716. The firm has a 50 day simple moving average of $46.99 and a two-hundred day simple moving average of $47.40. Fidelity Corporate Bond ETF has a fifty-two week low of $46.16 and a fifty-two week high of $48.79.

Institutional Trading of Fidelity Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Corporate Bond ETF by 125.0% during the second quarter. JPMorgan Chase & Co. now owns 24,411 shares of the company’s stock worth $1,155,000 after acquiring an additional 13,560 shares during the period. Raymond James Financial Inc. lifted its holdings in Fidelity Corporate Bond ETF by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 94,535 shares of the company’s stock worth $4,472,000 after purchasing an additional 2,554 shares during the last quarter. Jane Street Group LLC acquired a new stake in Fidelity Corporate Bond ETF during the 2nd quarter worth approximately $2,252,000. High Falls Advisors Inc bought a new stake in Fidelity Corporate Bond ETF in the 2nd quarter valued at $280,000. Finally, Private Advisor Group LLC acquired a new position in Fidelity Corporate Bond ETF in the 3rd quarter valued at $276,000.

About Fidelity Corporate Bond ETF

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.