Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Increase in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,855 shares, an increase of 122.1% from the May 31st total of 2,636 shares. Based on an average trading volume of 6,704 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Low Duration Bond ETF Stock Up 0.0%

Shares of Fidelity Low Duration Bond ETF stock traded up $0.02 during trading on Wednesday, hitting $50.26. 9,992 shares of the stock were exchanged, compared to its average volume of 7,532. The company has a fifty day moving average price of $50.36 and a 200-day moving average price of $50.41. Fidelity Low Duration Bond ETF has a 1-year low of $50.15 and a 1-year high of $50.93.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 29th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, June 29th. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of institutional investors have recently bought and sold shares of the business. Harmony Asset Management LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF in the first quarter valued at approximately $6,980,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Low Duration Bond ETF by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,759 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Fidelity Low Duration Bond ETF by 110.0% during the 2nd quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after acquiring an additional 10,579 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Fidelity Low Duration Bond ETF by 220.0% during the 4th quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after acquiring an additional 12,136 shares during the last quarter. Finally, &PARTNERS bought a new stake in Fidelity Low Duration Bond ETF in the 4th quarter valued at $767,000.

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.