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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 220,771 shares, an increase of 965.4% from the December 31st total of 20,721 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 301,097 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 301,097 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Fidelity Investment Grade Securitized ETF Price Performance

Fidelity Investment Grade Securitized ETF stock traded down $0.04 during mid-day trading on Wednesday, reaching $44.33. 426,726 shares of the company were exchanged, compared to its average volume of 281,230. The company has a fifty day simple moving average of $44.36 and a 200-day simple moving average of $44.16. Fidelity Investment Grade Securitized ETF has a 12 month low of $41.98 and a 12 month high of $45.60.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Fidelity Investment Grade Securitized ETF during the second quarter valued at approximately $81,000. Envestnet Asset Management Inc. acquired a new position in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth $491,000. Nwam LLC bought a new stake in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth $404,000. IFP Advisors Inc bought a new stake in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth $109,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Fidelity Investment Grade Securitized ETF in the second quarter valued at about $298,000.

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.