Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Rises By 61.4%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 15,900 shares, an increase of 61.4% from the November 30th total of 9,850 shares. Based on an average daily trading volume, of 79,842 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 79,842 shares, the short-interest ratio is currently 0.2 days.

Fidelity Investment Grade Bond ETF Price Performance

Fidelity Investment Grade Bond ETF stock remained flat at $43.63 during mid-day trading on Friday. 46,797 shares of the company’s stock traded hands, compared to its average volume of 44,224. Fidelity Investment Grade Bond ETF has a one year low of $41.59 and a one year high of $44.20. The business has a 50-day moving average of $43.67 and a two-hundred day moving average of $43.38.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in Fidelity Investment Grade Bond ETF by 121.1% in the 1st quarter. Jane Street Group LLC now owns 33,656 shares of the company’s stock valued at $1,447,000 after purchasing an additional 18,436 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity Investment Grade Bond ETF in the second quarter valued at $92,000. Ameriflex Group Inc. raised its holdings in shares of Fidelity Investment Grade Bond ETF by 19.4% in the second quarter. Ameriflex Group Inc. now owns 5,408 shares of the company’s stock valued at $233,000 after buying an additional 880 shares during the last quarter. Virtus Wealth Solutions LLC boosted its stake in shares of Fidelity Investment Grade Bond ETF by 158.2% during 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. Finally, IFP Advisors Inc boosted its stake in shares of Fidelity Investment Grade Bond ETF by 280.4% during the second quarter. IFP Advisors Inc now owns 12,610 shares of the company’s stock worth $545,000 after buying an additional 9,295 shares during the period.

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.