Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Large Drop in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, a drop of 18.2% from the January 31st total of 1,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 9.0 days.

Fidelity Low Duration Bond ETF Stock Performance

FLDB stock remained flat at $50.42 during trading on Wednesday. The company’s stock had a trading volume of 287 shares, compared to its average volume of 124. The firm’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $50.48. Fidelity Low Duration Bond ETF has a 1 year low of $50.02 and a 1 year high of $50.66.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were issued a dividend of $0.184 per share. The ex-dividend date was Thursday, February 27th.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less.