Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Rises By 112.9%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,792 shares, an increase of 112.9% from the April 15th total of 13,052 shares. Based on an average daily volume of 67,604 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heartland Bank & Trust Co acquired a new stake in Fidelity Investment Grade Bond ETF in the 1st quarter valued at about $47,974,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock valued at $19,991,000 after purchasing an additional 460,274 shares in the last quarter. Clarity Retirement & Wealth LLC acquired a new position in Fidelity Investment Grade Bond ETF during the 4th quarter worth $8,351,000. Osaic Holdings Inc. lifted its holdings in Fidelity Investment Grade Bond ETF by 69.9% during the 4th quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock worth $8,633,000 after buying an additional 81,750 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Fidelity Investment Grade Bond ETF in the 3rd quarter valued at $1,997,000.

Fidelity Investment Grade Bond ETF Price Performance

FIGB stock opened at $42.56 on Friday. The business’s 50-day simple moving average is $43.14 and its 200 day simple moving average is $43.43. Fidelity Investment Grade Bond ETF has a twelve month low of $42.14 and a twelve month high of $44.20.

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.