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

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

Fidelity Investment Grade Bond ETF Price Performance

Shares of FIGB stock traded down $0.28 during trading hours on Friday, hitting $42.56. 80,420 shares of the company’s stock traded hands, compared to its average volume of 92,307. The stock’s 50 day simple moving average is $43.14 and its 200 day simple moving average is $43.43. Fidelity Investment Grade Bond ETF has a 12 month low of $42.14 and a 12 month high of $44.20.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Several large investors have recently modified their holdings of FIGB. Royal Bank of Canada acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the fourth quarter worth $52,000. Bank of Montreal Can increased its position 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 worth $60,000 after buying an additional 230 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the fourth quarter worth $76,000. Planning Directions Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the third quarter worth $204,000. Finally, Cerity Partners LLC acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the fourth quarter worth $204,000.

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.