Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Down 79.0% in February

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIGB. Bank of Montreal Can increased its stake in 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 buying an additional 753 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Fidelity Investment Grade Bond ETF during the third quarter worth $50,000. Royal Bank of Canada purchased a new position in Fidelity Investment Grade Bond ETF in the fourth quarter worth $52,000. MidAtlantic Capital Management Inc. bought a new position in Fidelity Investment Grade Bond ETF in the 4th quarter valued at $76,000. Finally, Planning Directions Inc. bought a new position in Fidelity Investment Grade Bond ETF in the 3rd quarter valued at $204,000.

Fidelity Investment Grade Bond ETF Stock Down 0.2%

Shares of FIGB stock traded down $0.08 during trading hours on Thursday, reaching $43.84. The company had a trading volume of 45,399 shares, compared to its average volume of 115,107. Fidelity Investment Grade Bond ETF has a 12 month low of $41.85 and a 12 month high of $44.20. The business has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $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. Shareholders of record on Thursday, February 26th will be issued a dividend of $0.137 per share. The ex-dividend date of this dividend is Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a positive change from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13.

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.