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

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

Fidelity Low Duration Bond ETF Trading Down 0.3%

Shares of Fidelity Low Duration Bond ETF stock opened at $50.29 on Tuesday. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93. The company has a 50-day moving average of $50.36 and a 200 day moving average of $50.42.

Fidelity Low Duration Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Several large investors have recently made changes to their positions in the business. Midwest Financial Network LLC bought a new stake in shares of Fidelity Low Duration Bond ETF in the 1st quarter worth approximately $222,000. Cetera Investment Advisers bought a new position in Fidelity Low Duration Bond ETF during the 2nd quarter valued at approximately $234,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF during the 1st quarter valued at approximately $341,000. LPL Financial LLC purchased a new position in Fidelity Low Duration Bond ETF during the fourth quarter valued at $412,000. Finally, Envestnet Asset Management Inc. raised its stake in Fidelity Low Duration Bond ETF by 135.7% during the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after buying an additional 7,741 shares during the last quarter.

Fidelity Low Duration Bond ETF Company Profile

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.