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 March. As of March 13th, there was short interest totaling 19,318 shares, a growth of 330.4% from the February 26th total of 4,488 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 52,892 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 52,892 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Fidelity Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity Corporate Bond ETF by 8,233.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after buying an additional 988 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter valued at $50,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter valued at $76,000. Asset Dedication LLC acquired a new stake in Fidelity Corporate Bond ETF during the 2nd quarter worth $79,000. Finally, PFG Investments LLC raised its stake in Fidelity Corporate Bond ETF by 6.6% during the 3rd quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock worth $249,000 after acquiring an additional 320 shares in the last quarter.

Fidelity Corporate Bond ETF Trading Down 0.3%

FCOR opened at $47.06 on Wednesday. Fidelity Corporate Bond ETF has a one year low of $45.00 and a one year high of $48.79. The business’s 50-day simple moving average is $47.90 and its 200-day simple moving average is $48.05.

Fidelity Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.17 dividend. This is an increase from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, February 26th.

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.