Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Significant Decline in Short Interest

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 23,217 shares, a decline of 75.7% from the April 30th total of 95,736 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 205,256 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Investment Grade Securitized ETF Price Performance

FSEC remained flat at $43.92 during trading on Friday. The company had a trading volume of 285,809 shares, compared to its average volume of 224,353. The stock has a 50 day simple moving average of $43.96 and a 200 day simple moving average of $44.24. Fidelity Investment Grade Securitized ETF has a twelve month low of $42.63 and a twelve month high of $45.60.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during the third quarter worth approximately $27,000. Bank of America Corp DE purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter valued at $45,000. Raymond James Financial Inc. purchased a new position in Fidelity Investment Grade Securitized ETF during the second quarter worth about $52,000. Cornerstone Planning Group LLC purchased a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth about $82,000. Finally, AE Wealth Management LLC purchased a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth about $97,000.

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.