Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Growth in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDRGet Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 72,195 shares, a growth of 326.2% from the June 15th total of 16,940 shares. Based on an average trading volume of 793,432 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Fidelity Low Duration Bond Factor ETF

A number of large investors have recently made changes to their positions in FLDR. GHP Investment Advisors Inc. purchased a new position in Fidelity Low Duration Bond Factor ETF in the first quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fidelity Low Duration Bond Factor ETF during the 2nd quarter worth approximately $25,000. Fifth Third Bancorp purchased a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter valued at approximately $33,000. Basepoint Wealth LLC purchased a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter valued at approximately $59,000. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 4th quarter valued at $88,000.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of BATS FLDR remained flat at $50.15 during mid-day trading on Friday. The stock had a trading volume of 148,768 shares, compared to its average volume of 351,403. The business’s fifty day moving average price is $50.14 and its 200-day moving average price is $50.20. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62.

About Fidelity Low Duration Bond Factor ETF

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The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.

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