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

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, a drop of 22.2% from the February 28th total of 900 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 3.5 days.

Fidelity Low Duration Bond ETF Stock Up 0.2 %

Fidelity Low Duration Bond ETF stock traded up $0.09 during mid-day trading on Tuesday, reaching $50.40. 237 shares of the company traded hands, compared to its average volume of 227. The firm’s 50 day moving average price is $50.46 and its 200 day moving average price is $50.48. Fidelity Low Duration Bond ETF has a 52-week low of $50.07 and a 52-week high of $50.66.

Fidelity Low Duration Bond ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 28th will be paid a $0.191 dividend. This is an increase from Fidelity Low Duration Bond ETF’s previous dividend of $0.18. The ex-dividend date is Friday, March 28th.

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.