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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 109,128 shares, an increase of 86.5% from the November 30th total of 58,504 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 233,377 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 233,377 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth approximately $27,000. Bank of America Corp DE purchased a new position in Fidelity Investment Grade Securitized ETF during the fourth quarter worth about $45,000. ST Germain D J Co. Inc. purchased a new position in Fidelity Investment Grade Securitized ETF during the second quarter worth about $48,000. MAI Capital Management acquired a new position in Fidelity Investment Grade Securitized ETF in the 1st quarter valued at about $49,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter valued at approximately $52,000.

Fidelity Investment Grade Securitized ETF Stock Up 0.1%

Shares of FSEC traded up $0.04 during mid-day trading on Friday, hitting $44.64. 174,948 shares of the company were exchanged, compared to its average volume of 475,614. Fidelity Investment Grade Securitized ETF has a 1-year low of $41.84 and a 1-year high of $45.60. The company has a 50 day moving average of $44.49 and a 200-day moving average of $44.01.

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.