Short Interest in Fidelity Total Bond ETF (NYSEARCA:FBND) Declines By 38.8%

Fidelity Total Bond ETF (NYSEARCA:FBND) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,064,529 shares, a decrease of 38.8% from the June 30th total of 1,740,594 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,182,620 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA:FBND traded down $0.14 during trading on Thursday, reaching $44.84. 2,553,944 shares of the stock were exchanged, compared to its average volume of 2,807,569. Fidelity Total Bond ETF has a 12 month low of $44.80 and a 12 month high of $46.86. The stock has a 50-day moving average price of $45.38 and a 200-day moving average price of $45.75. The firm has a market cap of $27.02 billion, a PE ratio of 8.94 and a beta of 0.27.

Institutional Trading of Fidelity Total Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity Total Bond ETF by 6.3% during the first 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the period.

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.