Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Drops By 66.8%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 55,522 shares, a decrease of 66.8% from the June 30th total of 167,332 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 216,853 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC stock traded up $0.07 during mid-day trading on Monday, reaching $43.51. 292,333 shares of the stock traded hands, compared to its average volume of 260,722. The stock’s fifty day simple moving average is $43.77 and its two-hundred day simple moving average is $44.06. Fidelity Investment Grade Securitized ETF has a 1-year low of $42.97 and a 1-year high of $45.60.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

A number of institutional investors have recently added to or reduced their stakes in FSEC. Advisory Services Network LLC purchased a new stake in Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at about $27,000. Bank of America Corp DE bought a new position in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter valued at approximately $45,000. Raymond James Financial Inc. bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at approximately $52,000. EP Wealth Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the second quarter valued at approximately $102,000. Finally, Royal Bank of Canada bought a new stake in Fidelity Investment Grade Securitized ETF during the first quarter worth $126,000.

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.