Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Update

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 5,361 shares, a drop of 75.5% from the May 31st total of 21,901 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 53,439 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of FCOR. Fifth Third Bancorp purchased a new stake in shares of Fidelity Corporate Bond ETF during the first quarter valued at $39,000. Sunbelt Securities Inc. grew its stake in Fidelity Corporate Bond ETF by 8,233.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 988 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Fidelity Corporate Bond ETF during the 3rd quarter valued at about $76,000. PFG Investments LLC increased its holdings in shares of Fidelity Corporate Bond ETF by 7.8% in the fourth quarter. PFG Investments LLC now owns 5,587 shares of the company’s stock valued at $267,000 after purchasing an additional 404 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Fidelity Corporate Bond ETF by 41.5% in the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after purchasing an additional 1,691 shares during the period.

Fidelity Corporate Bond ETF Stock Up 0.0%

Fidelity Corporate Bond ETF stock traded up $0.02 during mid-day trading on Friday, reaching $47.46. 12,064 shares of the company were exchanged, compared to its average volume of 37,464. The business has a fifty day moving average of $47.23 and a 200 day moving average of $47.61. Fidelity Corporate Bond ETF has a 12-month low of $46.57 and a 12-month 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.