Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Shares Shorted: Short Interest Up 99.6% in September

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 32,511 shares, an increase of 99.6% from the August 31st total of 16,292 shares. Based on an average trading volume of 63,491 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIGB. Elevation Wealth Management LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 4.9% in the 2nd quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock valued at $315,000 after buying an additional 345 shares during the period. Royal Bank of Canada boosted its stake in shares of Fidelity Investment Grade Bond ETF by 543.8% in the first quarter. Royal Bank of Canada now owns 7,642 shares of the company’s stock valued at $329,000 after buying an additional 6,455 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the first quarter valued at approximately $379,000. Arkadios Wealth Advisors grew its holdings in Fidelity Investment Grade Bond ETF by 11.6% during the first quarter. Arkadios Wealth Advisors now owns 9,151 shares of the company’s stock worth $394,000 after acquiring an additional 954 shares during the period. Finally, Harbour Investments Inc. raised its position in Fidelity Investment Grade Bond ETF by 6.8% in the fourth quarter. Harbour Investments Inc. now owns 14,284 shares of the company’s stock worth $620,000 after acquiring an additional 906 shares in the last quarter.

Fidelity Investment Grade Bond ETF Price Performance

NYSEARCA FIGB opened at $40.70 on Thursday. Fidelity Investment Grade Bond ETF has a 52-week low of $40.67 and a 52-week high of $44.20. The firm has a 50-day moving average price of $42.01 and a 200 day moving average price of $42.60.

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.