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. Based on an average daily trading volume, of 311,767 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Investment Grade Securitized ETF Price Performance

Shares of FSEC stock traded up $0.13 during trading hours on Thursday, reaching $43.54. The stock had a trading volume of 342,493 shares, compared to its average volume of 263,944. The stock’s fifty day simple moving average is $43.68 and its 200 day simple moving average is $43.98. Fidelity Investment Grade Securitized ETF has a 12 month low of $42.97 and a 12 month high of $45.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter worth $45,000. Goldman Sachs Group Inc. purchased a new stake in Fidelity Investment Grade Securitized ETF in the first quarter valued at approximately $1,384,000. Creative Planning purchased a new stake in Fidelity Investment Grade Securitized ETF in the second quarter valued at approximately $314,000. Cetera Investment Advisers bought a new stake in Fidelity Investment Grade Securitized ETF during the second quarter valued at approximately $471,000. Finally, JPMorgan Chase & Co. lifted its position in Fidelity Investment Grade Securitized ETF by 840.7% during the second quarter. JPMorgan Chase & Co. now owns 19,049 shares of the company’s stock valued at $830,000 after purchasing an additional 17,024 shares during the last quarter.

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.