Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Large Decrease in Short Interest

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 13,052 shares, a decrease of 16.1% from the March 31st total of 15,557 shares. Based on an average daily volume of 83,408 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF during the third quarter valued at approximately $50,000. Royal Bank of Canada bought a new position in Fidelity Investment Grade Bond ETF in the fourth quarter worth approximately $52,000. Bank of Montreal Can raised its position in Fidelity Investment Grade Bond ETF by 20.2% during the 4th 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 in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter valued at $76,000. Finally, Planning Directions Inc. purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the 3rd quarter worth $204,000.

Fidelity Investment Grade Bond ETF Price Performance

FIGB opened at $42.90 on Friday. The stock’s 50 day moving average price is $43.31 and its 200-day moving average price is $43.50. Fidelity Investment Grade Bond ETF has a one year low of $42.14 and a one year high of $44.20.

Fidelity Investment Grade Bond ETF Increases Dividend

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

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.