Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 210,222 shares, a growth of 805.5% from the May 14th total of 23,217 shares. Based on an average daily volume of 316,434 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF
A number of institutional investors have recently modified their holdings of FSEC. Advisory Services Network LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the third quarter worth about $27,000. Bank of America Corp DE bought a new position in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter worth about $45,000. Raymond James Financial Inc. bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter worth about $52,000. EP Wealth Advisors LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter worth about $102,000. Finally, Royal Bank of Canada bought a new position in shares of Fidelity Investment Grade Securitized ETF in the first quarter worth about $126,000.
Fidelity Investment Grade Securitized ETF Price Performance
Shares of FSEC stock opened at $43.95 on Friday. Fidelity Investment Grade Securitized ETF has a 12-month low of $42.87 and a 12-month high of $45.60. The firm has a 50-day moving average price of $43.94 and a 200 day moving average price of $44.20.
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.
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