Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Shorted: Short Interest Down 77.5% in September

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 128,462 shares, a decrease of 77.5% from the September 15th total of 570,772 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,461,135 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after buying an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 32.9% during the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares during the last quarter. Finally, Legacy Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after acquiring an additional 1,995,732 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND traded up $0.01 during trading on Monday, hitting $43.47. The stock had a trading volume of 3,447,858 shares, compared to its average volume of 3,145,951. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86. The stock has a 50 day simple moving average of $44.41 and a two-hundred day simple moving average of $45.12. The company has a market capitalization of $28.02 billion, a PE ratio of 8.94 and a beta of 0.28.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.