Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Down 37.1% in August

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 13,847 shares, a drop of 37.1% from the July 30th total of 22,000 shares. Based on an average daily volume of 61,032 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity Investment Grade Bond ETF Stock Down 0.2%

FIGB stock traded down $0.10 during trading on Tuesday, reaching $42.04. 56,449 shares of the company were exchanged, compared to its average volume of 97,387. The stock’s 50 day moving average price is $42.49 and its 200 day moving average price is $42.92. Fidelity Investment Grade Bond ETF has a 52-week low of $41.99 and a 52-week high of $44.20.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new position in Fidelity Investment Grade Bond ETF in the 4th quarter valued at approximately $52,000. Bank of Montreal Can boosted its position in 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 purchasing an additional 230 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $76,000. Cerity Partners LLC acquired a new stake in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $204,000. Finally, LPL Financial LLC purchased a new position in Fidelity Investment Grade Bond ETF during the 4th quarter valued at about $239,000.

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.