Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Decreases By 91.0%
by Kim Johansen · The Markets DailyFidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,742 shares, a decline of 91.0% from the March 15th total of 19,318 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,107 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Fidelity Corporate Bond ETF
Several institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its stake in shares of Fidelity Corporate Bond ETF by 10.8% in the fourth quarter. Kestra Advisory Services LLC now owns 240,905 shares of the company’s stock valued at $11,523,000 after buying an additional 23,566 shares during the period. Cetera Investment Advisers boosted its stake in shares of Fidelity Corporate Bond ETF by 693.4% in the fourth quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock valued at $9,792,000 after buying an additional 178,926 shares during the period. Envestnet Asset Management Inc. raised its position in Fidelity Corporate Bond ETF by 11.9% during the third quarter. Envestnet Asset Management Inc. now owns 177,955 shares of the company’s stock valued at $8,542,000 after purchasing an additional 18,891 shares in the last quarter. Salus Financial Advisors LLC raised its position in Fidelity Corporate Bond ETF by 4.9% during the fourth quarter. Salus Financial Advisors LLC now owns 145,736 shares of the company’s stock valued at $6,971,000 after purchasing an additional 6,766 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Fidelity Corporate Bond ETF by 147.6% during the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock valued at $6,429,000 after purchasing an additional 79,842 shares in the last quarter.
Fidelity Corporate Bond ETF Trading Down 0.1%
Shares of FCOR stock traded down $0.05 during trading on Friday, hitting $47.36. The company had a trading volume of 14,127 shares, compared to its average volume of 39,872. The stock’s 50-day moving average price is $47.70 and its 200 day moving average price is $47.95. Fidelity Corporate Bond ETF has a one year low of $45.00 and a one year high of $48.79.
Fidelity Corporate Bond ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, February 26th.
Fidelity Corporate Bond ETF Company Profile
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.