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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 210,222 shares, a growth of 805.5% from the May 14th total of 23,217 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 316,434 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity Investment Grade Securitized ETF Price Performance

FSEC stock opened at $43.74 on Wednesday. Fidelity Investment Grade Securitized ETF has a twelve month low of $42.83 and a twelve month high of $45.60. The business has a 50 day simple moving average of $43.94 and a 200-day simple moving average of $44.21.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Several large investors have recently modified their holdings of FSEC. Cetera Investment Advisers boosted its holdings in shares of Fidelity Investment Grade Securitized ETF by 2,051.6% in the fourth quarter. Cetera Investment Advisers now owns 341,761 shares of the company’s stock valued at $15,082,000 after acquiring an additional 325,877 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Investment Grade Securitized ETF by 1,860.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 142,653 shares of the company’s stock worth $6,295,000 after purchasing an additional 135,377 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter worth approximately $2,903,000. Flow Traders U.S. LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the third quarter worth approximately $2,076,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter worth approximately $1,384,000.

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.