Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Decreases By 32.8%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a significant 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 shares of the stock are short sold. Based on an average daily volume of 66,611 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 66,611 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Investment Grade Bond ETF Trading Down 0.3%

Fidelity Investment Grade Bond ETF stock traded down $0.13 during trading hours on Friday, reaching $43.40. 70,838 shares of the stock were exchanged, compared to its average volume of 73,467. Fidelity Investment Grade Bond ETF has a twelve month low of $41.85 and a twelve month high of $44.20. The stock has a 50 day moving average of $43.56 and a two-hundred day moving average of $43.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 210.9% in the 2nd quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock valued at $48,000 after purchasing an additional 753 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Fidelity Investment Grade Bond ETF in the third quarter valued at about $50,000. Sound Income Strategies LLC acquired a new position in Fidelity Investment Grade Bond ETF during the second quarter worth about $92,000. Planning Directions Inc. acquired a new position in Fidelity Investment Grade Bond ETF during the third quarter worth about $204,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Fidelity Investment Grade Bond ETF in the third quarter worth about $207,000.

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.