Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Up 1,418.4% in August

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 25,585 shares, an increase of 1,418.4% from the August 15th total of 1,685 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 79,271 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Limited Term Bond ETF Stock Performance

Shares of NYSEARCA FLTB traded down $0.23 during mid-day trading on Thursday, reaching $49.50. The company had a trading volume of 247,044 shares, compared to its average volume of 53,543. The stock has a fifty day moving average of $50.00 and a two-hundred day moving average of $50.24. The company has a market capitalization of $410.85 million, a price-to-earnings ratio of 31.33 and a beta of 0.11. Fidelity Limited Term Bond ETF has a 12-month low of $49.42 and a 12-month high of $51.15.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Grey Ledge Advisors LLC boosted its stake in shares of Fidelity Limited Term Bond ETF by 0.7% during the 1st quarter. Grey Ledge Advisors LLC now owns 36,334 shares of the company’s stock valued at $1,827,000 after buying an additional 268 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Fidelity Limited Term Bond ETF by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 9,905 shares of the company’s stock valued at $499,000 after acquiring an additional 438 shares in the last quarter. Cahill Financial Advisors Inc. grew its holdings in shares of Fidelity Limited Term Bond ETF by 4.8% during the 4th quarter. Cahill Financial Advisors Inc. now owns 11,074 shares of the company’s stock valued at $561,000 after acquiring an additional 505 shares in the last quarter. Roxbury Financial LLC increased its stake in shares of Fidelity Limited Term Bond ETF by 32.9% in the first quarter. Roxbury Financial LLC now owns 2,096 shares of the company’s stock worth $105,000 after acquiring an additional 519 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Fidelity Limited Term Bond ETF by 50.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock worth $80,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.