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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,922 shares, an increase of 180.6% from the April 30th total of 4,961 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 27,502 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Fidelity Corporate Bond ETF by 1.0% in the first quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after purchasing an additional 608 shares during the period. Royal Bank of Canada boosted its holdings in 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 worth $272,000 after purchasing an additional 1,691 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Corporate Bond ETF by 15.3% in the first quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock worth $11,127,000 after purchasing an additional 31,357 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Fidelity Corporate Bond ETF by 4.5% in the first quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock worth $537,000 after purchasing an additional 492 shares during the period. Finally, Fifth Third Bancorp acquired a new position in Fidelity Corporate Bond ETF in the first quarter worth $39,000.

Fidelity Corporate Bond ETF Stock Performance

Fidelity Corporate Bond ETF stock traded up $0.14 during mid-day trading on Friday, reaching $47.33. The company’s stock had a trading volume of 44,880 shares, compared to its average volume of 36,337. The business has a 50 day moving average price of $47.24 and a 200-day moving average price of $47.73. Fidelity Corporate Bond ETF has a twelve month low of $46.34 and a twelve month high of $48.79.

Fidelity Corporate Bond ETF Company Profile

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.