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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 17,422 shares, a growth of 70.4% from the September 15th total of 10,225 shares. Based on an average daily volume of 64,822 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Fidelity Corporate Bond ETF Stock Performance

Shares of FCOR traded up $0.30 during trading on Thursday, reaching $45.22. The company’s stock had a trading volume of 67,683 shares, compared to its average volume of 42,129. The company has a fifty day moving average of $45.69 and a two-hundred day moving average of $46.59. Fidelity Corporate Bond ETF has a twelve month low of $44.39 and a twelve month high of $48.79.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of Fidelity Corporate Bond ETF by 48.4% in the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after purchasing an additional 116,695 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Corporate Bond ETF by 15.3% in the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock worth $11,127,000 after acquiring an additional 31,357 shares in the last quarter. Salus Financial Advisors LLC grew its position in shares of Fidelity Corporate Bond ETF by 8.2% in the 1st quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock worth $7,431,000 after acquiring an additional 11,928 shares in the last quarter. Bank of America Corp DE grew its position in shares of Fidelity Corporate Bond ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after acquiring an additional 608 shares in the last quarter. Finally, Midwest Financial Network LLC increased its holdings in shares of Fidelity Corporate Bond ETF by 156.9% in the 3rd quarter. Midwest Financial Network LLC now owns 53,163 shares of the company’s stock valued at $2,373,000 after acquiring an additional 32,471 shares during the last quarter.

About Fidelity Corporate Bond ETF

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.