Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Significant Growth in Short Interest

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a large growth in short interest in 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 72,774 shares, the short-interest ratio is presently 0.1 days.

Fidelity Investment Grade Bond ETF Trading Up 0.0%

NYSEARCA:FIGB opened at $42.86 on Friday. Fidelity Investment Grade Bond ETF has a twelve month low of $41.85 and a twelve month high of $44.20. The company has a fifty day moving average of $43.47 and a 200-day moving average of $43.58.

Fidelity Investment Grade Bond ETF Increases Dividend

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

Institutional Trading of Fidelity Investment Grade Bond ETF

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

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.