Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Up 270.7% in July

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,065 shares, an increase of 270.7% from the July 15th total of 1,636 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,790 shares, the short-interest ratio is currently 0.5 days.

Fidelity Low Duration Bond ETF Stock Performance

FLDB opened at $50.41 on Friday. Fidelity Low Duration Bond ETF has a 1-year low of $50.15 and a 1-year high of $50.93. The stock’s 50 day simple moving average is $50.33 and its 200 day simple moving average is $50.37.

Fidelity Low Duration Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th were issued a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, July 30th.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at about $234,000. JPMorgan Chase & Co. grew its position 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 period. Jane Street Group LLC lifted its position in Fidelity Low Duration Bond ETF by 110.0% during the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after buying an additional 10,579 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Low Duration Bond ETF by 135.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after acquiring an additional 7,741 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF in the fourth quarter worth approximately $412,000.

About Fidelity Low Duration Bond ETF

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.