Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Up 295.6% in January

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 34,067 shares, a growth of 295.6% from the January 15th total of 8,612 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 82,348 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 82,348 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock worth $19,991,000 after acquiring an additional 460,274 shares during the period. Clarity Retirement & Wealth LLC purchased a new stake in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $8,351,000. Osaic Holdings Inc. boosted its holdings in Fidelity Investment Grade Bond ETF by 195.5% in the second quarter. Osaic Holdings Inc. now owns 70,192 shares of the company’s stock valued at $3,033,000 after purchasing an additional 46,442 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Fidelity Investment Grade Bond ETF during the 3rd quarter worth about $1,997,000. Finally, Boston Partners purchased a new position in shares of Fidelity Investment Grade Bond ETF during the 4th quarter valued at about $1,943,000.

Fidelity Investment Grade Bond ETF Price Performance

Shares of NYSEARCA FIGB traded up $0.13 during mid-day trading on Friday, hitting $43.85. The stock had a trading volume of 108,036 shares, compared to its average volume of 122,261. The company has a 50 day moving average of $43.47 and a two-hundred day moving average of $43.51. Fidelity Investment Grade Bond ETF has a twelve month low of $41.85 and a twelve month high of $44.20.

Fidelity Investment Grade Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a $0.129 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

Fidelity Investment Grade Bond ETF Company Profile

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.