Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Up 330.4% in March

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 19,318 shares, a growth of 330.4% from the February 26th total of 4,488 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 52,892 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 52,892 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Fidelity Corporate Bond ETF Stock Down 0.3%

NYSEARCA FCOR opened at $47.06 on Wednesday. Fidelity Corporate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.79. The firm’s 50-day moving average is $47.90 and its two-hundred day moving average is $48.05.

Fidelity Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Arwa LLC acquired a new position in Fidelity Corporate Bond ETF in the 4th quarter valued at about $1,689,000. Sunbelt Securities Inc. increased its stake in Fidelity Corporate Bond ETF by 383.2% during the 4th quarter. Sunbelt Securities Inc. now owns 4,832 shares of the company’s stock worth $231,000 after buying an additional 3,832 shares during the period. High Falls Advisors Inc lifted its holdings in Fidelity Corporate Bond ETF by 4.9% during the 4th quarter. High Falls Advisors Inc now owns 6,960 shares of the company’s stock worth $333,000 after buying an additional 326 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity Corporate Bond ETF by 693.4% during the 4th quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock worth $9,792,000 after buying an additional 178,926 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in Fidelity Corporate Bond ETF in the 4th quarter valued at approximately $579,000.

About Fidelity Corporate Bond ETF

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.