Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Update

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 570,772 shares, a decrease of 53.0% from the August 31st total of 1,214,103 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,634,916 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Fidelity Total Bond ETF by 9.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 294,442 shares of the company’s stock worth $13,394,000 after acquiring an additional 24,203 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after purchasing an additional 587,351 shares in the last quarter. Security National Bank of Sioux City Iowa IA purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $696,000. Talon Private Wealth LLC raised its stake in Fidelity Total Bond ETF by 10.6% in the 2nd quarter. Talon Private Wealth LLC now owns 4,937 shares of the company’s stock valued at $225,000 after purchasing an additional 474 shares during the last quarter. Finally, MCF Advisors LLC raised its stake in Fidelity Total Bond ETF by 5.8% in the 2nd quarter. MCF Advisors LLC now owns 142,980 shares of the company’s stock valued at $6,528,000 after purchasing an additional 7,872 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.5%

Shares of FBND traded down $0.22 during mid-day trading on Tuesday, reaching $43.35. 4,710,769 shares of the company’s stock were exchanged, compared to its average volume of 3,020,333. Fidelity Total Bond ETF has a 52-week low of $43.25 and a 52-week high of $46.86. The company has a market cap of $27.84 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company has a 50-day simple moving average of $44.70 and a two-hundred day simple moving average of $45.27.

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.