Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Stock Short Interest Rises 144.4%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 21,390 shares, an increase of 144.4% from the September 30th total of 8,753 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 133,928 shares, the short-interest ratio is presently 0.2 days.

Fidelity Investment Grade Bond ETF Stock Up 0.1%

Shares of FIGB traded up $0.04 during mid-day trading on Friday, hitting $41.56. The company’s stock had a trading volume of 38,589 shares, compared to its average volume of 96,141. The firm has a 50-day simple moving average of $41.54 and a 200 day simple moving average of $42.65. Fidelity Investment Grade Bond ETF has a 1-year low of $40.50 and a 1-year high of $44.02.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIGB. Latitude Advisors LLC increased its stake in shares of Fidelity Investment Grade Bond ETF by 2.7% in the third quarter. Latitude Advisors LLC now owns 9,583 shares of the company’s stock worth $390,000 after buying an additional 251 shares during the last quarter. Elevation Wealth Management LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 4.9% in the 2nd quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock worth $315,000 after purchasing an additional 345 shares during the last quarter. IFP Advisors Inc increased its position in Fidelity Investment Grade Bond ETF by 1.2% in the third quarter. IFP Advisors Inc now owns 34,277 shares of the company’s stock worth $1,395,000 after buying an additional 415 shares during the period. Farther Finance Advisors LLC lifted its stake in Fidelity Investment Grade Bond ETF by 11.1% in the third quarter. Farther Finance Advisors LLC now owns 4,826 shares of the company’s stock valued at $196,000 after buying an additional 481 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 2.8% during the second quarter. Bill Few Associates Inc. now owns 33,323 shares of the company’s stock valued at $1,427,000 after acquiring an additional 893 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.