Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Large Decline in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,528 shares, a decrease of 85.3% from the August 15th total of 17,160 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,903 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in Fidelity Low Duration Bond ETF during the second quarter valued at approximately $51,000. Midwest Financial Network LLC bought a new position in Fidelity Low Duration Bond ETF in the first quarter worth approximately $222,000. Cetera Investment Advisers bought a new position in Fidelity Low Duration Bond ETF in the second quarter worth approximately $234,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF in the first quarter worth approximately $341,000. Finally, LPL Financial LLC purchased a new position in shares of Fidelity Low Duration Bond ETF during the 4th quarter worth $412,000.

Fidelity Low Duration Bond ETF Stock Up 0.0%

FLDB stock traded up $0.02 during trading on Friday, reaching $50.28. The stock had a trading volume of 2,626 shares, compared to its average volume of 7,763. The stock’s 50 day moving average is $50.32 and its two-hundred day moving average is $50.35. Fidelity Low Duration Bond ETF has a 52 week low of $50.15 and a 52 week high of $50.93.

Fidelity Low Duration Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 28th were given a dividend of $0.167 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.