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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 23,217 shares, a decline of 75.7% from the April 30th total of 95,736 shares. Based on an average daily volume of 205,256 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at about $27,000. Bank of America Corp DE bought a new stake in shares of Fidelity Investment Grade Securitized ETF in the 4th quarter valued at about $45,000. Raymond James Financial Inc. purchased a new position in Fidelity Investment Grade Securitized ETF during the 2nd quarter valued at about $52,000. Cornerstone Planning Group LLC purchased a new position in Fidelity Investment Grade Securitized ETF during the 3rd quarter valued at about $82,000. Finally, AE Wealth Management LLC purchased a new position in Fidelity Investment Grade Securitized ETF during the 3rd quarter valued at about $97,000.

Fidelity Investment Grade Securitized ETF Price Performance

FSEC stock remained flat at $43.92 during mid-day trading on Friday. The company’s stock had a trading volume of 285,809 shares, compared to its average volume of 224,353. The firm’s 50 day simple moving average is $43.96 and its two-hundred day simple moving average is $44.24. Fidelity Investment Grade Securitized ETF has a 52-week low of $42.63 and a 52-week high of $45.60.

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.