FLDR Stock Summary and Trading Ideas (Fidelity Low Duration Bond Factor ETF | BATS:FLDR)

Fidelity Low Duration Bond Factor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity Low Duration Investment Grade Factor Index. The Index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The Index is comprised of U.S. investment grade floating rate notes and U.S. Treasury notes.

Fidelity Low Duration Bond Factor ETF trades on the BATS stock market under the symbol FLDR.

As of April 19, 2024, FLDR stock price was flat at $49.92 with 279,168 million shares trading.

FLDR has a beta of 0.05, meaning it tends to be less sensitive to market movements. FLDR has a correlation of 0.33 to the broad based SPY ETF.

FLDR has a market cap of $433.06 million. This is considered a Small Cap stock.

In the last 3 years, FLDR stock traded as high as $51.38 and as low as $48.58.

FLDR has underperformed the market in the last year with a return of +5.7%, while the SPY ETF gained +21.2%. In the last 3 month period, FLDR fell short of the market, returning +1.2%, while SPY returned +3.0%. However, in the most recent 2 weeks FLDR has outperformed the stock market by returning 0.0%, while SPY returned -4.5%.

FLDR support price is $49.88 and resistance is $49.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLDR stock will trade within this expected range on the day.