Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Decline in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant drop in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 3.5 days.

Fidelity Low Duration Bond ETF Trading Up 0.2 %

Shares of Fidelity Low Duration Bond ETF stock traded up $0.09 during trading on Wednesday, reaching $50.40. The company’s stock had a trading volume of 437 shares, compared to its average volume of 232. The business’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 firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th were given a dividend of $0.191 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Fidelity Low Duration Bond ETF’s previous dividend of $0.18.

About Fidelity Low Duration Bond ETF

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.