Short Interest in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Grows By 182.9%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,160 shares, a growth of 182.9% from the July 30th total of 6,065 shares. Based on an average daily volume of 8,283 shares, the short-interest ratio is currently 2.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

Hedge funds have recently bought and sold shares of the company. Midwest Financial Network LLC acquired a new position in shares of Fidelity Low Duration Bond ETF in the 1st quarter valued at $222,000. Cetera Investment Advisers bought a new position in Fidelity Low Duration Bond ETF during the second quarter worth about $234,000. RCS Financial Planning LLC acquired a new position in Fidelity Low Duration Bond ETF in the first quarter valued at about $341,000. LPL Financial LLC acquired a new position in Fidelity Low Duration Bond ETF in the fourth quarter valued at about $412,000. Finally, Envestnet Asset Management Inc. grew its stake in Fidelity Low Duration Bond ETF by 135.7% in the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after acquiring an additional 7,741 shares during the period.

Fidelity Low Duration Bond ETF Stock Performance

Fidelity Low Duration Bond ETF stock opened at $50.28 on Friday. The business has a 50-day moving average of $50.33 and a 200-day moving average of $50.37. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93.

Fidelity Low Duration Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 28th will be paid a $0.167 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 28th.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.