Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Short Interest Jumps 99.1%

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,790 shares, an increase of 99.1% from the September 30th total of 2,908 shares. Based on an average daily volume of 28,511 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Fidelity Low Duration Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLDB. Harmony Asset Management LLC acquired a new position in shares of Fidelity Low Duration Bond ETF during the first quarter worth approximately $6,980,000. Envestnet Asset Management Inc. raised its position in shares of Fidelity Low Duration Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after buying an additional 4,108 shares during the last quarter. Midwest Financial Network LLC grew its position in Fidelity Low Duration Bond ETF by 119.6% during the third quarter. Midwest Financial Network LLC now owns 20,210 shares of the company’s stock worth $1,013,000 after buying an additional 11,005 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Fidelity Low Duration Bond ETF during the second quarter valued at about $51,000.

Fidelity Low Duration Bond ETF Price Performance

FLDB stock traded up $0.02 during mid-day trading on Monday, reaching $50.23. 7,360 shares of the stock traded hands, compared to its average volume of 10,816. Fidelity Low Duration Bond ETF has a 52-week low of $50.06 and a 52-week high of $50.93. The stock’s fifty day moving average is $50.27 and its 200-day moving average is $50.35.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 29th will be issued a $0.1670 dividend. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1580. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, October 29th.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.