Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Rises By 112.9%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,792 shares, an increase of 112.9% from the April 15th total of 13,052 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 67,604 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity Investment Grade Bond ETF Stock Performance

Fidelity Investment Grade Bond ETF stock opened at $42.56 on Friday. Fidelity Investment Grade Bond ETF has a 1 year low of $42.14 and a 1 year high of $44.20. The company’s 50-day moving average is $43.14 and its two-hundred day moving average is $43.43.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIGB. Heartland Bank & Trust Co bought a new position in Fidelity Investment Grade Bond ETF during the 1st quarter worth about $47,974,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock valued at $19,991,000 after purchasing an additional 460,274 shares in the last quarter. Clarity Retirement & Wealth LLC acquired a new position in shares of Fidelity Investment Grade Bond ETF during the fourth quarter worth about $8,351,000. Osaic Holdings Inc. boosted its position in shares of Fidelity Investment Grade Bond ETF by 69.9% during the fourth quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock worth $8,633,000 after buying an additional 81,750 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Fidelity Investment Grade Bond ETF during the third quarter worth about $1,997,000.

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.