Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Short Interest Down 57.3% in June

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 16,940 shares, a decrease of 57.3% from the May 31st total of 39,706 shares. Based on an average daily volume of 221,995 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLDR. Sowell Financial Services LLC acquired a new stake in shares of Fidelity Low Duration Bond Factor ETF in the fourth quarter valued at about $2,907,000. Savvy Advisors Inc. acquired a new position in shares of Fidelity Low Duration Bond Factor ETF during the 4th quarter worth about $741,000. Schwallier Wealth Management LLC bought a new stake in Fidelity Low Duration Bond Factor ETF during the 4th quarter valued at approximately $2,404,000. Foundations Investment Advisors LLC boosted its stake in Fidelity Low Duration Bond Factor ETF by 13.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 165,588 shares of the company’s stock valued at $8,318,000 after purchasing an additional 19,764 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Fidelity Low Duration Bond Factor ETF by 19.1% in the 4th quarter. HighTower Advisors LLC now owns 83,262 shares of the company’s stock valued at $4,182,000 after buying an additional 13,344 shares during the last quarter.

Fidelity Low Duration Bond Factor ETF Stock Performance

Fidelity Low Duration Bond Factor ETF stock opened at $50.27 on Monday. Fidelity Low Duration Bond Factor ETF has a 1-year low of $49.02 and a 1-year high of $50.62. The firm’s fifty day simple moving average is $50.15 and its 200-day simple moving average is $50.21.

About Fidelity Low Duration Bond Factor ETF

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.