Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Declines By 94.2%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 16,888 shares, a decrease of 94.2% from the July 30th total of 288,763 shares. Based on an average trading volume of 266,162 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC traded down $0.11 during mid-day trading on Wednesday, hitting $43.53. The company’s stock had a trading volume of 241,198 shares, compared to its average volume of 267,681. The firm has a 50-day moving average price of $43.61 and a 200 day moving average price of $43.93. Fidelity Investment Grade Securitized ETF has a fifty-two week low of $42.97 and a fifty-two week high of $45.60.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nwam LLC acquired a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter worth $201,000. Midwest Financial Network LLC lifted its holdings in shares of Fidelity Investment Grade Securitized ETF by 113.2% during the second quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock valued at $1,529,000 after purchasing an additional 18,527 shares during the last quarter. RDA Financial Network boosted its position in shares of Fidelity Investment Grade Securitized ETF by 77.7% in the 2nd quarter. RDA Financial Network now owns 8,458 shares of the company’s stock valued at $371,000 after purchasing an additional 3,697 shares during the period. Global Wealth Strategies & Associates increased its stake in Fidelity Investment Grade Securitized ETF by 12.9% in the 2nd quarter. Global Wealth Strategies & Associates now owns 213,061 shares of the company’s stock worth $9,341,000 after purchasing an additional 24,332 shares in the last quarter. Finally, Royal Bank of Canada purchased a new position in Fidelity Investment Grade Securitized ETF in the 1st quarter worth about $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.