Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Rises By 294.4%

by · The Cerbat Gem

Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 91,834 shares, a growth of 294.4% from the December 15th total of 23,284 shares. Based on an average trading volume of 42,009 shares, the short-interest ratio is currently 2.2 days. Currently, 1.4% of the company’s shares are sold short. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 42,009 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Fidelity Corporate Bond ETF by 12.3% during the third quarter. JPMorgan Chase & Co. now owns 27,415 shares of the company’s stock valued at $1,316,000 after acquiring an additional 3,004 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Corporate Bond ETF by 8,233.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 988 shares during the period. Advisory Services Network LLC acquired a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter valued at about $76,000. High Falls Advisors Inc boosted its position in shares of Fidelity Corporate Bond ETF by 12.1% during the 3rd quarter. High Falls Advisors Inc now owns 6,634 shares of the company’s stock valued at $318,000 after purchasing an additional 717 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in Fidelity Corporate Bond ETF by 352.5% during the third quarter. Flow Traders U.S. LLC now owns 20,211 shares of the company’s stock worth $970,000 after purchasing an additional 15,744 shares during the period.

Fidelity Corporate Bond ETF Stock Up 0.1%

Fidelity Corporate Bond ETF stock traded up $0.04 during mid-day trading on Tuesday, hitting $47.99. 10,728 shares of the stock were exchanged, compared to its average volume of 40,838. Fidelity Corporate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.79. The firm’s fifty day simple moving average is $48.01 and its two-hundred day simple moving average is $47.84.

About Fidelity Corporate Bond ETF

(Get Free Report)

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.

Featured Stories