Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Up 168.5% in August

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,214,103 shares, a growth of 168.5% from the August 15th total of 452,183 shares. Based on an average daily volume of 2,677,059 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND traded down $0.03 during trading on Monday, reaching $44.21. 4,730,426 shares of the company’s stock were exchanged, compared to its average volume of 2,929,350. The business has a 50 day moving average price of $44.96 and a 200-day moving average price of $45.45. The stock has a market capitalization of $26.78 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.11 and a fifty-two week high of $46.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FBND. Talon Private Wealth LLC lifted its holdings in Fidelity Total Bond ETF by 10.6% during the 2nd quarter. Talon Private Wealth LLC now owns 4,937 shares of the company’s stock valued at $225,000 after purchasing an additional 474 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.8% in the second quarter. MCF Advisors LLC now owns 142,980 shares of the company’s stock valued at $6,528,000 after purchasing an additional 7,872 shares during the last quarter. Capital Analysts LLC raised its position in shares of Fidelity Total Bond ETF by 11.2% in the second quarter. Capital Analysts LLC now owns 3,506,392 shares of the company’s stock valued at $159,506,000 after purchasing an additional 353,902 shares during the period. Summit Financial Strategies Inc. lifted its stake in shares of Fidelity Total Bond ETF by 7.1% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,384,200 shares of the company’s stock worth $108,457,000 after buying an additional 157,574 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Fidelity Total Bond ETF by 0.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,252,617 shares of the company’s stock worth $56,982,000 after buying an additional 11,740 shares during the last quarter.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.