Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Short Interest Down 39.2% in August

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 4,442 shares, a drop of 39.2% from the July 30th total of 7,301 shares. Based on an average trading volume of 3,002 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are short sold.

Fidelity Tactical Bond ETF Stock Performance

FTBD stock traded down $0.09 during trading on Tuesday, hitting $48.21. 1,511 shares of the stock traded hands, compared to its average volume of 4,334. The firm’s 50 day moving average is $48.80 and its two-hundred day moving average is $49.22. Fidelity Tactical Bond ETF has a 1 year low of $48.21 and a 1 year high of $50.56.

Hedge Funds Weigh In On Fidelity Tactical Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Fidelity Tactical Bond ETF by 253.9% in the 1st quarter. Jane Street Group LLC now owns 39,189 shares of the company’s stock worth $1,916,000 after purchasing an additional 28,115 shares in the last quarter. InTrack Investment Management Inc boosted its position in shares of Fidelity Tactical Bond ETF by 152.8% during the second quarter. InTrack Investment Management Inc now owns 24,102 shares of the company’s stock valued at $1,188,000 after buying an additional 14,569 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Fidelity Tactical Bond ETF by 39.5% during the third quarter. Citadel Advisors LLC now owns 30,537 shares of the company’s stock valued at $1,527,000 after buying an additional 8,648 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in Fidelity Tactical Bond ETF in the 1st quarter worth about $354,000. Finally, Sunbelt Securities Inc. raised its position in Fidelity Tactical Bond ETF by 2,354.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,172 shares of the company’s stock worth $209,000 after buying an additional 4,002 shares during the last quarter.

Fidelity Tactical Bond ETF Company Profile

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.