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

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw 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. Based on an average daily volume of 82,348 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 82,348 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in Fidelity Investment Grade Bond ETF by 20.2% in the 4th quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock worth $60,000 after purchasing an additional 230 shares during the period. Foronjy Financial LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 4.3% in the fourth quarter. Foronjy Financial LLC now owns 6,607 shares of the company’s stock worth $287,000 after buying an additional 274 shares in the last quarter. Latitude Advisors LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 3.5% in the fourth quarter. Latitude Advisors LLC now owns 8,959 shares of the company’s stock worth $389,000 after buying an additional 301 shares in the last quarter. Virtus Wealth Solutions LLC boosted its position in shares of Fidelity Investment Grade Bond ETF by 2.8% during the fourth quarter. Virtus Wealth Solutions LLC now owns 13,673 shares of the company’s stock worth $594,000 after acquiring an additional 374 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Fidelity Investment Grade Bond ETF by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 25,027 shares of the company’s stock worth $1,081,000 after acquiring an additional 479 shares during the last quarter.

Fidelity Investment Grade Bond ETF Price Performance

FIGB traded up $0.16 during mid-day trading on Friday, reaching $43.88. 117,013 shares of the company traded hands, compared to its average volume of 122,630. The company’s fifty day moving average price is $43.47 and its 200-day moving average price is $43.51. Fidelity Investment Grade Bond ETF has a 52-week low of $41.85 and a 52-week high of $44.20.

Fidelity Investment Grade Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders 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 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.