Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Update

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 10,684 shares, a decline of 32.8% from the December 15th total of 15,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 66,611 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 66,611 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Fidelity Investment Grade Bond ETF Trading Down 0.3%

Shares of Fidelity Investment Grade Bond ETF stock traded down $0.13 during trading hours on Friday, reaching $43.40. The company’s stock had a trading volume of 70,838 shares, compared to its average volume of 73,467. Fidelity Investment Grade Bond ETF has a one year low of $41.85 and a one year high of $44.20. The company’s 50 day simple moving average is $43.56 and its 200 day simple moving average is $43.43.

Hedge Funds 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. Bank of Montreal Can grew its stake in Fidelity Investment Grade Bond ETF by 210.9% during the 2nd quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock valued at $48,000 after acquiring an additional 753 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the third quarter worth approximately $50,000. Sound Income Strategies LLC purchased a new position in Fidelity Investment Grade Bond ETF during the second quarter valued at approximately $92,000. Planning Directions Inc. purchased a new position in Fidelity Investment Grade Bond ETF during the third quarter valued at approximately $204,000. Finally, Arkadios Wealth Advisors acquired a new position in Fidelity Investment Grade Bond ETF in the 3rd quarter valued at approximately $207,000.

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.