Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Stock Short Interest Falls 80.6%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 59,642 shares, a decline of 80.6% from the September 30th total of 307,309 shares. Based on an average daily volume of 571,215 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Fidelity Investment Grade Securitized ETF by 12.7% in the first quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock valued at $16,886,000 after buying an additional 43,405 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at about $11,071,000. Global Wealth Strategies & Associates lifted its holdings in shares of Fidelity Investment Grade Securitized ETF by 2.9% in the third quarter. Global Wealth Strategies & Associates now owns 219,134 shares of the company’s stock valued at $9,151,000 after purchasing an additional 6,073 shares in the last quarter. Midwest Financial Network LLC grew its position in shares of Fidelity Investment Grade Securitized ETF by 169.8% in the third quarter. Midwest Financial Network LLC now owns 94,116 shares of the company’s stock valued at $3,930,000 after purchasing an additional 59,229 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF in the first quarter valued at approximately $2,903,000.

Fidelity Investment Grade Securitized ETF Trading Up 0.2%

NYSEARCA FSEC opened at $42.56 on Tuesday. The business’s 50 day moving average is $42.57 and its two-hundred day moving average is $43.64. Fidelity Investment Grade Securitized ETF has a 12-month low of $41.45 and a 12-month high of $44.95.

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.