Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Short Interest Declines 64.9%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,908 shares, a drop of 64.9% from the September 15th total of 8,287 shares. Based on an average trading volume of 24,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Fidelity Low Duration Bond ETF Price Performance

FLDB traded up $0.02 during trading on Monday, reaching $50.28. 10,039 shares of the stock traded hands, compared to its average volume of 9,828. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.06 and a fifty-two week high of $50.93. The stock’s 50-day simple moving average is $50.28 and its two-hundred day simple moving average is $50.33.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were given a $0.1580 dividend. This represents a $1.90 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a decrease from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1670.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FLDB. Integrated Wealth Concepts LLC bought a new position in Fidelity Low Duration Bond ETF during the second quarter valued at approximately $51,000. Midwest Financial Network LLC bought a new position in shares of Fidelity Low Duration Bond ETF during the 1st quarter valued at $222,000. RCS Financial Planning LLC bought a new position in shares of Fidelity Low Duration Bond ETF during the 1st quarter valued at $341,000. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Low Duration Bond ETF by 14.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,108 shares in the last quarter. Finally, Harmony Asset Management LLC bought a new stake in Fidelity Low Duration Bond ETF in the first quarter worth $6,980,000.

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.