Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Large Growth in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,472 shares, a growth of 113.7% from the June 30th total of 2,561 shares. Based on an average trading volume of 46,186 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Fidelity Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of FCOR. Kestra Advisory Services LLC grew its position in shares of Fidelity Corporate Bond ETF by 48.4% during the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after acquiring an additional 116,695 shares during the period. Cetera Investment Advisers grew its holdings in Fidelity Corporate Bond ETF by 15.3% during the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after buying an additional 31,357 shares in the last quarter. Salus Financial Advisors LLC increased its holdings in Fidelity Corporate Bond ETF by 8.2% in the 1st quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock valued at $7,431,000 after acquiring an additional 11,928 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of Fidelity Corporate Bond ETF by 99.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after buying an additional 58,744 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Fidelity Corporate Bond ETF by 8.3% during the 3rd quarter. Raymond James Financial Inc. now owns 102,377 shares of the company’s stock worth $4,914,000 after acquiring an additional 7,842 shares in the last quarter.

Fidelity Corporate Bond ETF Stock Performance

Shares of NYSEARCA:FCOR traded down $0.21 during midday trading on Wednesday, hitting $46.39. 12,178 shares of the stock traded hands, compared to its average volume of 38,919. Fidelity Corporate Bond ETF has a one year low of $46.23 and a one year high of $48.79. The business’s 50 day moving average is $47.01 and its two-hundred day moving average is $47.41.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.