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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 132,342 shares, a decrease of 40.1% from the January 15th total of 220,771 shares. Based on an average trading volume of 249,369 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 249,369 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Several hedge funds have recently modified their holdings of FSEC. J.W. Cole Advisors Inc. lifted its position in Fidelity Investment Grade Securitized ETF by 4.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 5,350 shares of the company’s stock worth $236,000 after acquiring an additional 246 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the third quarter valued at approximately $27,000. Bank of America Corp DE acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the fourth quarter worth $45,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at $52,000. Finally, Cornerstone Planning Group LLC purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the third quarter valued at $82,000.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of NYSEARCA:FSEC traded up $0.24 during midday trading on Friday, hitting $44.79. 144,225 shares of the company’s stock traded hands, compared to its average volume of 239,701. The firm’s fifty day moving average price is $44.33 and its two-hundred day moving average price is $44.26. Fidelity Investment Grade Securitized ETF has a twelve month low of $41.98 and a twelve month high of $45.60.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were paid a dividend of $0.132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, January 29th.

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.