Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Short Interest Down 47.2% in May

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 39,706 shares, a decrease of 47.2% from the May 14th total of 75,223 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 265,547 shares, the short-interest ratio is presently 0.1 days.

Fidelity Low Duration Bond Factor ETF Stock Up 0.1%

Shares of BATS FLDR opened at $50.17 on Friday. Fidelity Low Duration Bond Factor ETF has a 1-year low of $49.02 and a 1-year high of $50.62. The company has a fifty day moving average price of $50.13 and a 200 day moving average price of $50.22.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anson Capital Inc. boosted its stake in Fidelity Low Duration Bond Factor ETF by 1.9% in the 4th quarter. Anson Capital Inc. now owns 11,228 shares of the company’s stock worth $564,000 after purchasing an additional 207 shares during the period. Sugar Maple Asset Management LLC boosted its stake in Fidelity Low Duration Bond Factor ETF by 2.8% in the 2nd quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock worth $434,000 after purchasing an additional 232 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Low Duration Bond Factor ETF by 61.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 808 shares of the company’s stock worth $41,000 after purchasing an additional 306 shares during the period. Virtus Wealth Solutions LLC boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 2.8% during the 4th quarter. Virtus Wealth Solutions LLC now owns 13,173 shares of the company’s stock worth $662,000 after buying an additional 359 shares during the last quarter. Finally, NWF Advisory Services Inc. boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 0.6% during the 1st quarter. NWF Advisory Services Inc. now owns 71,273 shares of the company’s stock worth $3,567,000 after buying an additional 392 shares during the last quarter.

About Fidelity Low Duration Bond Factor ETF

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.