Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Down 16.1% in April

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 13,052 shares, a decline of 16.1% from the March 31st total of 15,557 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,408 shares, the short-interest ratio is currently 0.2 days.

Fidelity Investment Grade Bond ETF Stock Performance

NYSEARCA FIGB opened at $42.90 on Friday. The business has a 50 day simple moving average of $43.31 and a two-hundred day simple moving average of $43.50. Fidelity Investment Grade Bond ETF has a 1-year low of $42.14 and a 1-year high of $44.20.

Fidelity Investment Grade Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Several large investors have recently bought and sold shares of FIGB. Jane Street Group LLC raised its stake in Fidelity Investment Grade Bond ETF by 121.1% during the first quarter. Jane Street Group LLC now owns 33,656 shares of the company’s stock valued at $1,447,000 after purchasing an additional 18,436 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Investment Grade Bond ETF by 334.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,097 shares of the company’s stock worth $998,000 after buying an additional 17,781 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF in the 3rd quarter worth about $50,000. Foronjy Financial LLC increased its holdings in shares of Fidelity Investment Grade Bond ETF by 13.4% in the 3rd quarter. Foronjy Financial LLC now owns 6,333 shares of the company’s stock worth $275,000 after buying an additional 750 shares during the last quarter. Finally, Nwam LLC purchased a new stake in shares of Fidelity Investment Grade Bond ETF during the 3rd quarter valued at about $306,000.

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.