Short Interest in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Decreases By 16.1%
by Scott Moore · The Cerbat GemFidelity Investment Grade Bond ETF (NYSEARCA:FIGB – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 13,052 shares, a decrease of 16.1% from the March 31st total of 15,557 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 83,408 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Investment Grade Bond ETF by 1,534,246.7% during 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 during the period. Anson Capital Inc. lifted its position in Fidelity Investment Grade Bond ETF by 5.8% during the third quarter. Anson Capital Inc. now owns 200,420 shares of the company’s stock valued at $8,718,000 after purchasing an additional 10,927 shares during the period. Osaic Holdings Inc. lifted its position in 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 valued at $8,633,000 after purchasing an additional 81,750 shares during the period. Clarity Retirement & Wealth LLC bought a new position in Fidelity Investment Grade Bond ETF during the fourth quarter valued at approximately $8,351,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Fidelity Investment Grade Bond ETF by 4.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,373 shares of the company’s stock valued at $5,140,000 after purchasing an additional 5,052 shares during the period.
Fidelity Investment Grade Bond ETF Trading Up 0.2%
Shares of NYSEARCA:FIGB traded up $0.10 during midday trading on Friday, reaching $43.00. 194,282 shares of the company’s stock traded hands, compared to its average volume of 94,426. Fidelity Investment Grade Bond ETF has a one year low of $42.14 and a one year high of $44.20. The stock has a 50 day moving average of $43.31 and a 200 day moving average of $43.50.
Fidelity Investment Grade Bond ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.
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.