Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Shares Shorted: Short Interest Up 144.4% in October

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a large increase in short interest in 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. Based on an average trading volume of 133,928 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Equity Partners LLC purchased a new position in Fidelity Investment Grade Bond ETF during the third quarter worth approximately $233,000. Latitude Advisors LLC grew its stake in shares of Fidelity Investment Grade Bond ETF by 2.7% during the 3rd quarter. Latitude Advisors LLC now owns 9,583 shares of the company’s stock valued at $390,000 after buying an additional 251 shares during the period. IFP Advisors Inc raised its position in shares of Fidelity Investment Grade Bond ETF by 1.2% in the 3rd 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. NFSG Corp purchased a new position in shares of Fidelity Investment Grade Bond ETF in the 3rd quarter worth $72,000. Finally, Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 481 shares during the last quarter.

Fidelity Investment Grade Bond ETF Price Performance

Shares of Fidelity Investment Grade Bond ETF stock traded up $0.14 on Friday, hitting $41.67. The company’s stock had a trading volume of 11,135,290 shares, compared to its average volume of 149,281. The firm has a fifty day moving average price of $41.53 and a 200-day moving average price of $42.64. Fidelity Investment Grade Bond ETF has a 52-week low of $40.50 and a 52-week high of $44.02.

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.