Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Large Increase in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 21,901 shares, an increase of 57.3% from the May 14th total of 13,922 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,171 shares, the short-interest ratio is currently 0.6 days.

Fidelity Corporate Bond ETF Stock Down 0.5%

NYSEARCA FCOR opened at $47.11 on Thursday. The company has a 50 day moving average of $47.25 and a 200-day moving average of $47.64. Fidelity Corporate Bond ETF has a 1-year low of $46.57 and a 1-year high of $48.79.

Institutional Trading of Fidelity Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its stake in shares of Fidelity Corporate Bond ETF by 48.4% in the first quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after buying an additional 116,695 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity Corporate Bond ETF by 15.3% in the first quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after buying an additional 31,357 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Corporate Bond ETF by 11.9% in the third quarter. Envestnet Asset Management Inc. now owns 177,955 shares of the company’s stock valued at $8,542,000 after buying an additional 18,891 shares in the last quarter. Salus Financial Advisors LLC increased its stake in shares of Fidelity Corporate Bond ETF by 8.2% in the first quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock valued at $7,431,000 after buying an additional 11,928 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Fidelity Corporate Bond ETF by 147.6% in the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock valued at $6,429,000 after purchasing an additional 79,842 shares in the last quarter.

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.