Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Down 86.8% in February

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 21,580 shares, a decrease of 86.8% from the February 12th total of 163,838 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 199,025 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 199,025 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in shares of Fidelity Investment Grade Securitized ETF by 182.4% in the third quarter. Envestnet Asset Management Inc. now owns 31,823 shares of the company’s stock worth $1,403,000 after acquiring an additional 20,556 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter valued at $81,000. Nwam LLC acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter valued at $404,000. OLD Mission Capital LLC purchased a new stake in Fidelity Investment Grade Securitized ETF during the 4th quarter worth $224,000. Finally, Bank of America Corp DE purchased a new stake in Fidelity Investment Grade Securitized ETF during the 3rd quarter worth $122,000.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of Fidelity Investment Grade Securitized ETF stock traded down $0.23 during trading hours on Wednesday, reaching $44.19. The stock had a trading volume of 132,769 shares, compared to its average volume of 219,780. Fidelity Investment Grade Securitized ETF has a 1 year low of $41.98 and a 1 year high of $45.60. The firm has a 50 day simple moving average of $44.38 and a two-hundred day simple moving average of $44.38.

Fidelity Investment Grade Securitized ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.136 per share. This is a boost from Fidelity Investment Grade Securitized ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.