Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Declines By 72.6%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 11,700 shares, a decline of 72.6% from the May 15th total of 42,700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 35,600 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Investment Grade Bond ETF Stock Down 0.4%

FIGB opened at $42.71 on Friday. The stock has a 50-day moving average price of $42.56 and a 200-day moving average price of $42.63. Fidelity Investment Grade Bond ETF has a 1 year low of $41.59 and a 1 year high of $45.17.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

A number of hedge funds have recently bought and sold shares of FIGB. MidAtlantic Capital Management Inc. purchased a new position in Fidelity Investment Grade Bond ETF in the 4th quarter worth about $74,000. Noble Wealth Management PBC purchased a new position in Fidelity Investment Grade Bond ETF in the 4th quarter worth about $3,791,000. PNC Financial Services Group Inc. raised its position in Fidelity Investment Grade Bond ETF by 921.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,393 shares of the company’s stock worth $1,329,000 after buying an additional 28,321 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in Fidelity Investment Grade Bond ETF in the 4th quarter worth about $1,374,000. Finally, Commonwealth Equity Services LLC raised its position in Fidelity Investment Grade Bond ETF by 85.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 56,053 shares of the company’s stock worth $2,373,000 after buying an additional 25,752 shares during the last quarter.

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.