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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 9,610 shares, an increase of 1,050.9% from the August 15th total of 835 shares. Based on an average daily volume of 40,609 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Corporate Bond ETF Price Performance

Shares of NYSEARCA FCOR traded up $0.01 during midday trading on Friday, reaching $45.64. 60,838 shares of the stock were exchanged, compared to its average volume of 38,941. The firm has a 50-day simple moving average of $46.38 and a two-hundred day simple moving average of $47.01. Fidelity Corporate Bond ETF has a twelve month low of $45.57 and a twelve month high of $48.79.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in Fidelity Corporate Bond ETF in the 1st quarter worth about $39,000. Sunbelt Securities Inc. grew its holdings in Fidelity Corporate Bond ETF by 8,233.3% in the third quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 988 shares during the period. Advisory Services Network LLC acquired a new stake in Fidelity Corporate Bond ETF in the third quarter valued at approximately $76,000. Private Advisor Group LLC purchased a new stake in shares of Fidelity Corporate Bond ETF in the third quarter valued at approximately $276,000. Finally, Royal Bank of Canada increased its position in shares of Fidelity Corporate Bond ETF by 41.5% in the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after buying an additional 1,691 shares in the last quarter.

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.