Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 642,669 shares, a growth of 400.3% from the September 30th total of 128,462 shares. Based on an average daily trading volume, of 5,682,724 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Fidelity Total Bond ETF Stock Down 0.2%
Shares of NYSEARCA FBND traded down $0.09 on Thursday, hitting $43.98. The company had a trading volume of 1,522,873 shares, compared to its average volume of 3,196,246. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78. The firm has a market capitalization of $28.35 billion, a P/E ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average of $44.12 and a two-hundred day moving average of $45.29.
Hedge Funds Weigh In On Fidelity Total Bond ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Signature Equity Partners LLC grew its holdings in Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after acquiring an additional 244 shares during the period. LCW Services LLC lifted its holdings in Fidelity Total Bond ETF by 3.1% in the 3rd quarter. LCW Services LLC now owns 8,913 shares of the company’s stock valued at $386,000 after acquiring an additional 272 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,380 shares of the company’s stock valued at $233,000 after acquiring an additional 283 shares during the last quarter. Insight Advisors LLC PA lifted its holdings in Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after acquiring an additional 291 shares during the last quarter. Finally, Archer Investment Corp boosted its position in shares of Fidelity Total Bond ETF by 17.2% during the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after purchasing an additional 325 shares in 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.
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