Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Increase in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 4,961 shares, an increase of 109.8% from the April 15th total of 2,365 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 27,425 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Fidelity Corporate Bond ETF

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Fidelity Corporate Bond ETF by 11.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 177,955 shares of the company’s stock valued at $8,542,000 after acquiring an additional 18,891 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in Fidelity Corporate Bond ETF during the 4th quarter valued at approximately $577,000. Jaffetilchin Investment Partners LLC boosted its position in Fidelity Corporate Bond ETF by 99.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock valued at $5,630,000 after acquiring an additional 58,744 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Fidelity Corporate Bond ETF during the third quarter valued at approximately $554,000. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Fidelity Corporate Bond ETF by 147.6% during the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock valued at $6,429,000 after purchasing an additional 79,842 shares during the last quarter.

Fidelity Corporate Bond ETF Stock Performance

Fidelity Corporate Bond ETF stock traded down $0.36 during trading hours on Friday, hitting $46.90. 27,128 shares of the stock traded hands, compared to its average volume of 36,455. The firm’s 50-day moving average price is $47.35 and its two-hundred day moving average price is $47.81. Fidelity Corporate Bond ETF has a one year low of $45.92 and a one year high of $48.79.

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.