Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Decreases By 37.1%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 13,847 shares, a decrease of 37.1% from the July 30th total of 22,000 shares. Based on an average daily trading volume, of 61,032 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new position in shares of Fidelity Investment Grade Bond ETF during the 4th quarter worth about $52,000. Bank of Montreal Can grew its holdings in Fidelity Investment Grade Bond ETF by 20.2% during the fourth quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock valued at $60,000 after purchasing an additional 230 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Fidelity Investment Grade Bond ETF in the 4th quarter worth $76,000. Cerity Partners LLC bought a new position in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $204,000. Finally, LPL Financial LLC bought a new position in Fidelity Investment Grade Bond ETF during the fourth quarter worth about $239,000.

Fidelity Investment Grade Bond ETF Stock Performance

Fidelity Investment Grade Bond ETF stock remained flat at $42.04 during trading on Wednesday. 7,908 shares of the company were exchanged, compared to its average volume of 96,848. The business’s 50-day simple moving average is $42.48 and its 200-day simple moving average is $42.91. Fidelity Investment Grade Bond ETF has a 12-month low of $41.95 and a 12-month high of $44.20.

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.