Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Update

by · The Cerbat Gem

Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,361 shares, a decline of 75.5% from the May 31st total of 21,901 shares. Based on an average daily volume of 53,439 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Corporate Bond ETF Price Performance

Shares of NYSEARCA:FCOR opened at $47.46 on Friday. The company’s fifty day moving average price is $47.23 and its 200-day moving average price is $47.61. Fidelity Corporate Bond ETF has a one year low of $46.57 and a one year high of $48.79.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Fidelity Corporate Bond ETF during the first quarter valued at about $39,000. Sunbelt Securities Inc. boosted its holdings 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 worth $48,000 after purchasing an additional 988 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Fidelity Corporate Bond ETF in the 3rd quarter worth about $76,000. PFG Investments LLC increased its position in shares of Fidelity Corporate Bond ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 5,587 shares of the company’s stock valued at $267,000 after purchasing an additional 404 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Fidelity Corporate Bond ETF by 41.5% during the 1st quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after purchasing an additional 1,691 shares during the last quarter.

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.

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