Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Expands By 139.9%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 10,249 shares, a growth of 139.9% from the February 26th total of 4,272 shares. Based on an average daily volume of 72,774 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIGB. Farther Finance Advisors LLC bought a new stake in Fidelity Investment Grade Bond ETF in the 3rd quarter valued at $50,000. Royal Bank of Canada bought a new position in shares of Fidelity Investment Grade Bond ETF in the fourth quarter valued at about $52,000. Bank of Montreal Can raised its position in shares of Fidelity Investment Grade Bond ETF by 20.2% in the fourth quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock valued at $60,000 after purchasing an additional 230 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the 4th quarter worth about $76,000. Finally, Planning Directions Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the 3rd quarter worth about $204,000.

Fidelity Investment Grade Bond ETF Trading Up 0.3%

Fidelity Investment Grade Bond ETF stock opened at $43.10 on Thursday. Fidelity Investment Grade Bond ETF has a 52 week low of $41.85 and a 52 week high of $44.20. The stock has a 50-day simple moving average of $43.50 and a 200 day simple moving average of $43.59.

Fidelity Investment Grade Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a $0.137 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.