Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Down 35.0% in May

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 20,100 shares, a drop of 35.0% from the May 15th total of 30,900 shares. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Fidelity Limited Term Bond ETF Stock Down 0.1%

Shares of NYSEARCA FLTB opened at $50.15 on Tuesday. Fidelity Limited Term Bond ETF has a 1-year low of $48.92 and a 1-year high of $51.00. The company has a 50-day moving average of $50.03 and a two-hundred day moving average of $49.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLTB. Citadel Advisors LLC bought a new stake in Fidelity Limited Term Bond ETF in the fourth quarter valued at approximately $2,010,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $219,000. Jane Street Group LLC bought a new stake in shares of Fidelity Limited Term Bond ETF in the 4th quarter valued at about $406,000. Commonwealth Equity Services LLC raised its stake in Fidelity Limited Term Bond ETF by 25.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 315,604 shares of the company’s stock valued at $15,663,000 after buying an additional 65,019 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Fidelity Limited Term Bond ETF by 222.5% in the fourth quarter. LPL Financial LLC now owns 105,205 shares of the company’s stock valued at $5,221,000 after buying an additional 72,579 shares during the last quarter.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.