Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Increase in Short Interest

Fidelity Total Bond ETF (NYSEARCA:FBND) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 452,183 shares, an increase of 118.8% from the July 30th total of 206,655 shares. Based on an average daily volume of 4,305,923 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $44.77 on Monday. The business has a 50 day simple moving average of $45.16 and a 200-day simple moving average of $45.58. The firm has a market capitalization of $27.12 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.65 and a 1 year high of $46.86.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several large investors have recently made changes to their positions in FBND. Capital Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after purchasing an additional 53,398 shares in the last quarter. Valley Wealth Managers Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 149.5% during the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after purchasing an additional 37,588 shares during the last quarter. Barry Investment Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 36.7% in the second quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after purchasing an additional 47,024 shares in the last quarter. Hicks Capital Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 11.3% in the fourth quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock valued at $11,599,000 after purchasing an additional 25,669 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,757,004 shares of the company’s stock valued at $76,199,000 after purchasing an additional 83,511 shares during the last quarter.

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.