Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Up 61.4% in December

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 15,900 shares, an increase of 61.4% from the November 30th total of 9,850 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 79,842 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 79,842 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Fidelity Investment Grade Bond ETF Price Performance

NYSEARCA:FIGB remained flat at $43.63 during midday trading on Friday. 46,797 shares of the company were exchanged, compared to its average volume of 44,224. Fidelity Investment Grade Bond ETF has a 1 year low of $41.59 and a 1 year high of $44.20. The business’s 50-day simple moving average is $43.67 and its two-hundred day simple moving average is $43.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIGB. PNC Financial Services Group Inc. lifted its position in shares of Fidelity Investment Grade Bond ETF by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 25,027 shares of the company’s stock valued at $1,081,000 after acquiring an additional 479 shares during the period. Peterson Wealth Advisors LLC increased its stake in Fidelity Investment Grade Bond ETF by 3.6% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 14,523 shares of the company’s stock valued at $633,000 after purchasing an additional 504 shares in the last quarter. Latitude Advisors LLC raised its holdings in Fidelity Investment Grade Bond ETF by 7.5% during the third quarter. Latitude Advisors LLC now owns 8,658 shares of the company’s stock worth $377,000 after purchasing an additional 603 shares during the last quarter. Foronjy Financial LLC boosted its position in Fidelity Investment Grade Bond ETF by 13.4% during the third quarter. Foronjy Financial LLC now owns 6,333 shares of the company’s stock worth $275,000 after purchasing an additional 750 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Fidelity Investment Grade Bond ETF by 210.9% during the second quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock worth $48,000 after purchasing an additional 753 shares in the last quarter.

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.