Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 206,655 shares, a decrease of 80.6% from the July 15th total of 1,064,529 shares. Based on an average daily volume of 2,888,021 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Fidelity Total Bond ETF Price Performance
Shares of FBND traded up $0.13 during trading hours on Thursday, reaching $45.04. 19,227,341 shares of the company’s stock traded hands, compared to its average volume of 2,913,017. The firm has a market capitalization of $27.29 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86. The business’s fifty day simple moving average is $45.27 and its two-hundred day simple moving average is $45.67.
Hedge Funds Weigh In On Fidelity Total Bond ETF
Several large investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF during the first quarter worth approximately $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter worth approximately $37,000. Finally, Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF during the 2nd quarter valued at $37,000.
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.
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