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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a significant increase in short interest during the month of 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 company are sold short. Based on an average daily trading volume, of 233,377 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 233,377 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC traded up $0.01 during mid-day trading on Monday, reaching $44.65. The company’s stock had a trading volume of 242,952 shares, compared to its average volume of 474,675. Fidelity Investment Grade Securitized ETF has a 1-year low of $41.84 and a 1-year high of $45.60. The business has a 50-day simple moving average of $44.49 and a two-hundred day simple moving average of $44.01.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSEC. Integrity Alliance LLC. raised its position in shares of Fidelity Investment Grade Securitized ETF by 14.5% in the second quarter. Integrity Alliance LLC. now owns 85,715 shares of the company’s stock valued at $3,734,000 after purchasing an additional 10,873 shares during the period. Jane Street Group LLC boosted its holdings in shares of Fidelity Investment Grade Securitized ETF by 97.4% during the 2nd quarter. Jane Street Group LLC now owns 57,825 shares of the company’s stock worth $2,519,000 after buying an additional 28,525 shares during the period. Flow Traders U.S. LLC acquired a new position in Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at about $2,076,000. JPMorgan Chase & Co. grew its stake in Fidelity Investment Grade Securitized ETF by 93.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,904 shares of the company’s stock valued at $1,627,000 after buying an additional 17,855 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Fidelity Investment Grade Securitized ETF by 182.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 31,823 shares of the company’s stock valued at $1,403,000 after acquiring an additional 20,556 shares during the period.

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.