Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Significant Decline in Short Interest

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 8,612 shares, a decrease of 19.4% from the December 31st total of 10,684 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 73,791 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 73,791 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Fidelity Investment Grade Bond ETF Stock Up 0.0%

Shares of NYSEARCA:FIGB traded up $0.01 on Tuesday, hitting $43.28. 120,476 shares of the company’s stock were exchanged, compared to its average volume of 130,881. Fidelity Investment Grade Bond ETF has a 12 month low of $41.85 and a 12 month high of $44.20. The business’s 50 day simple moving average is $43.50 and its two-hundred day simple moving average is $43.48.

Fidelity Investment Grade Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were issued a dividend of $0.129 per share. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Institutional Trading of Fidelity Investment Grade Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Anson Capital Inc. boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 5.8% in the third quarter. Anson Capital Inc. now owns 200,420 shares of the company’s stock valued at $8,718,000 after purchasing an additional 10,927 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,373 shares of the company’s stock worth $5,140,000 after buying an additional 5,052 shares during the period. Osaic Holdings Inc. grew its position in shares of Fidelity Investment Grade Bond ETF by 195.5% during the 2nd quarter. Osaic Holdings Inc. now owns 70,192 shares of the company’s stock worth $3,033,000 after buying an additional 46,442 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Fidelity Investment Grade Bond ETF during the third quarter valued at $1,997,000. Finally, Flow Traders U.S. LLC increased its stake in shares of Fidelity Investment Grade Bond ETF by 23.6% during the second quarter. Flow Traders U.S. LLC now owns 44,286 shares of the company’s stock valued at $1,914,000 after buying an additional 8,452 shares during the period.

About Fidelity Investment Grade Bond ETF

The Fidelity Investment Grade Bond ETF (FIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in investment grade debt securities of any maturity, globally. FIGB was launched on Mar 2, 2021 and is managed by Fidelity.