Short Interest in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Grows By 3,629.4%

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 75,223 shares, a growth of 3,629.4% from the April 30th total of 2,017 shares. Based on an average trading volume of 647,768 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLDR. GHP Investment Advisors Inc. acquired a new stake in Fidelity Low Duration Bond Factor ETF in the first quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 2nd quarter valued at $25,000. Fifth Third Bancorp bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter valued at $33,000. Basepoint Wealth LLC acquired a new stake in Fidelity Low Duration Bond Factor ETF during the 1st quarter worth $59,000. Finally, Elevated Capital Advisors LLC acquired a new stake in Fidelity Low Duration Bond Factor ETF during the 4th quarter worth $88,000.

Fidelity Low Duration Bond Factor ETF Stock Up 0.0%

Shares of BATS:FLDR traded up $0.01 during midday trading on Wednesday, hitting $50.20. The company had a trading volume of 399,600 shares, compared to its average volume of 326,023. Fidelity Low Duration Bond Factor ETF has a 12 month low of $49.02 and a 12 month high of $50.62. The firm has a fifty day simple moving average of $50.14 and a 200 day simple moving average of $50.24.

About Fidelity Low Duration Bond Factor ETF

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.