Fidelity Sustainable Core Plus Bond ETF (NYSEARCA:FSBD) Sees Large Growth in Short Interest

Fidelity Sustainable Core Plus Bond ETF (NYSEARCA:FSBD) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,200 shares, a growth of 700.0% from the September 30th total of 900 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.9% of the company’s stock are sold short. Approximately 2.9% of the company’s stock are sold short. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Investors Weigh In On Fidelity Sustainable Core Plus Bond ETF

An institutional investor recently raised its position in Fidelity Sustainable Core Plus Bond ETF stock. Bond & Devick Financial Network Inc. raised its holdings in shares of Fidelity Sustainable Core Plus Bond ETF (NYSEARCA:FSBD) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,518 shares of the company’s stock after purchasing an additional 5,325 shares during the quarter. Fidelity Sustainable Core Plus Bond ETF makes up 1.4% of Bond & Devick Financial Network Inc.’s holdings, making the stock its 16th biggest position. Bond & Devick Financial Network Inc. owned about 36.61% of Fidelity Sustainable Core Plus Bond ETF worth $4,323,000 as of its most recent SEC filing.

Fidelity Sustainable Core Plus Bond ETF Stock Performance

NYSEARCA FSBD opened at $48.08 on Thursday. The stock has a market capitalization of $13.46 million, a price-to-earnings ratio of 16.11 and a beta of 0.32. The stock’s 50 day moving average price is $47.87 and its two-hundred day moving average price is $47.19. Fidelity Sustainable Core Plus Bond ETF has a 52 week low of $45.61 and a 52 week high of $49.56.

Fidelity Sustainable Core Plus Bond ETF Company Profile

The Fidelity Sustainable Core Plus Bond ETF (FSBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad array of global debt securities that exhibit positive environmental, social, and governance characteristics. FSBD was launched on Apr 19, 2022 and is managed by Fidelity.