Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Increase in Short Interest

by · The Cerbat Gem

Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,188,724 shares, a growth of 208.8% from the April 15th total of 384,963 shares. Based on an average daily trading volume, of 2,323,555 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Several large investors have recently added to or reduced their stakes in FBND. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter worth $25,000. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the first quarter worth $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter worth $36,000. Finally, Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter worth $37,000.

Fidelity Total Bond ETF Stock Down 0.0%

NYSEARCA FBND traded down $0.01 during trading hours on Thursday, hitting $45.50. The company had a trading volume of 2,270,035 shares, compared to its average volume of 2,806,352. Fidelity Total Bond ETF has a fifty-two week low of $44.73 and a fifty-two week high of $46.86. The business has a fifty day simple moving average of $45.80 and a 200-day simple moving average of $46.13. The firm has a market cap of $25.49 billion, a P/E ratio of 8.94 and a beta of 0.28.

About Fidelity Total Bond ETF

(Get Free Report)

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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