Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Stock Short Interest Falls 80.6%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 59,642 shares, a decrease of 80.6% from the September 30th total of 307,309 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 571,215 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Fidelity Investment Grade Securitized ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of Fidelity Investment Grade Securitized ETF by 42.1% during the 2nd quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock valued at $115,000 after buying an additional 779 shares during the last quarter. ShoreHaven Wealth Partners LLC lifted its holdings in shares of Fidelity Investment Grade Securitized ETF by 18.1% in the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 6,226 shares of the company’s stock worth $260,000 after purchasing an additional 953 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the first quarter valued at $126,000. IFP Advisors Inc grew its position in Fidelity Investment Grade Securitized ETF by 203.2% in the 3rd quarter. IFP Advisors Inc now owns 5,252 shares of the company’s stock worth $219,000 after purchasing an additional 3,520 shares during the last quarter. Finally, RDA Financial Network raised its stake in Fidelity Investment Grade Securitized ETF by 77.7% during the 2nd quarter. RDA Financial Network now owns 8,458 shares of the company’s stock valued at $371,000 after acquiring an additional 3,697 shares in the last quarter.

Fidelity Investment Grade Securitized ETF Price Performance

Fidelity Investment Grade Securitized ETF stock opened at $42.56 on Tuesday. Fidelity Investment Grade Securitized ETF has a fifty-two week low of $41.45 and a fifty-two week high of $44.95. The stock has a fifty day moving average of $42.57 and a two-hundred day moving average of $43.64.

Fidelity Investment Grade Securitized ETF Company Profile

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.