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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 220,771 shares, an increase of 965.4% from the December 31st total of 20,721 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 301,097 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 301,097 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC traded down $0.04 during trading on Wednesday, reaching $44.33. The company’s stock had a trading volume of 426,726 shares, compared to its average volume of 281,429. The company has a fifty day moving average of $44.36 and a two-hundred day moving average of $44.16. Fidelity Investment Grade Securitized ETF has a twelve month low of $41.98 and a twelve month high of $45.60.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth about $81,000. Envestnet Asset Management Inc. bought a new stake in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth about $491,000. Nwam LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter worth approximately $404,000. IFP Advisors Inc bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at approximately $109,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the second quarter valued at approximately $298,000.

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.