Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Declines By 40.2%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,272 shares, a drop of 40.2% from the February 12th total of 7,139 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 86,605 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 86,605 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity Investment Grade Bond ETF Stock Down 0.2%

Shares of NYSEARCA FIGB traded down $0.10 during trading hours on Friday, reaching $43.13. The stock had a trading volume of 62,269 shares, compared to its average volume of 105,816. Fidelity Investment Grade Bond ETF has a 52-week low of $41.85 and a 52-week high of $44.20. The business’s fifty day moving average price is $43.55 and its two-hundred day moving average price is $43.60.

Fidelity Investment Grade Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.137 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in FIGB. Bank of Montreal Can lifted its stake in Fidelity Investment Grade Bond ETF by 210.9% in the second quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock worth $48,000 after acquiring an additional 753 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF in the 3rd quarter valued at about $50,000. Royal Bank of Canada bought a new stake in shares of Fidelity Investment Grade Bond ETF in the 4th quarter valued at about $52,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the 4th quarter worth approximately $76,000. Finally, Planning Directions Inc. bought a new position in shares of Fidelity Investment Grade Bond ETF during the third quarter valued at approximately $204,000.

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.