Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Update

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 288,763 shares, an increase of 420.1% from the July 15th total of 55,522 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 311,767 shares, the days-to-cover ratio is currently 0.9 days.

Fidelity Investment Grade Securitized ETF Stock Performance

NYSEARCA FSEC traded up $0.06 during trading hours on Wednesday, reaching $43.39. The company’s stock had a trading volume of 284,020 shares, compared to its average volume of 263,271. The business has a 50-day simple moving average of $43.68 and a 200 day simple moving average of $43.99. Fidelity Investment Grade Securitized ETF has a 52 week low of $42.97 and a 52 week high of $45.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Fidelity Investment Grade Securitized ETF during the 3rd quarter worth $27,000. Bank of America Corp DE bought a new stake in Fidelity Investment Grade Securitized ETF in the fourth quarter valued at $45,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the second quarter valued at $52,000. EP Wealth Advisors LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF during the second quarter worth about $102,000. Finally, Royal Bank of Canada bought a new position in shares of Fidelity Investment Grade Securitized ETF during the first quarter worth about $126,000.

About Fidelity Investment Grade Securitized ETF

The Fidelity Investment Grade Securitized ETF (FSEC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade securitized debt securities of any maturity across the broad market. FSEC was launched on Mar 2, 2021 and is managed by Fidelity.