Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Large Drop in Short Interest

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 8,612 shares, a decrease of 19.4% from the December 31st total of 10,684 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 73,791 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 73,791 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 121.1% during the 1st quarter. Jane Street Group LLC now owns 33,656 shares of the company’s stock valued at $1,447,000 after acquiring an additional 18,436 shares in the last quarter. Ameriflex Group Inc. lifted its stake in shares of Fidelity Investment Grade Bond ETF by 19.4% during the second quarter. Ameriflex Group Inc. now owns 5,408 shares of the company’s stock worth $233,000 after purchasing an additional 880 shares in the last quarter. Virtus Wealth Solutions LLC boosted its position in shares of Fidelity Investment Grade Bond ETF by 158.2% in the second quarter. Virtus Wealth Solutions LLC now owns 13,218 shares of the company’s stock worth $571,000 after buying an additional 8,098 shares during the period. IFP Advisors Inc grew its stake in shares of Fidelity Investment Grade Bond ETF by 280.4% in the second quarter. IFP Advisors Inc now owns 12,610 shares of the company’s stock valued at $545,000 after buying an additional 9,295 shares in the last quarter. Finally, Bill Few Associates Inc. grew its stake in shares of Fidelity Investment Grade Bond ETF by 7.3% in the second quarter. Bill Few Associates Inc. now owns 28,817 shares of the company’s stock valued at $1,245,000 after buying an additional 1,973 shares in the last quarter.

Fidelity Investment Grade Bond ETF Stock Performance

Shares of NYSEARCA FIGB traded up $0.01 during midday trading on Tuesday, hitting $43.28. The stock had a trading volume of 120,476 shares, compared to its average volume of 130,881. Fidelity Investment Grade Bond ETF has a 1-year low of $41.85 and a 1-year high of $44.20. The company has a fifty day moving average price of $43.50 and a 200 day moving average price of $43.48.

Fidelity Investment Grade Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a dividend of $0.129 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, January 29th.

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.