Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Drops By 79.0%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,139 shares, a decrease of 79.0% from the January 29th total of 34,067 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 211,906 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 211,906 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Investment Grade Bond ETF Stock Performance

FIGB stock traded up $0.08 during mid-day trading on Friday, reaching $43.93. The company had a trading volume of 72,572 shares, compared to its average volume of 114,304. Fidelity Investment Grade Bond ETF has a one year low of $41.85 and a one year high of $44.20. The stock’s 50-day simple moving average is $43.54 and its two-hundred day simple moving average is $43.56.

Fidelity Investment Grade Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be given a $0.137 dividend. The ex-dividend date is Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.7%. This is a boost from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of Fidelity Investment Grade Bond ETF by 210.9% during the second quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock valued at $48,000 after buying an additional 753 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Fidelity Investment Grade Bond ETF in the 3rd quarter worth approximately $50,000. Royal Bank of Canada acquired a new stake in Fidelity Investment Grade Bond ETF in the 4th quarter valued at approximately $52,000. MidAtlantic Capital Management Inc. bought a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter valued at $76,000. Finally, Planning Directions Inc. bought a new stake in Fidelity Investment Grade Bond ETF during the 3rd quarter valued at $204,000.

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.