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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large decline in short interest in 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 currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter worth approximately $126,000. Cetera Investment Advisers boosted its stake in shares of Fidelity Investment Grade Securitized ETF by 12.7% during the 1st quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock worth $16,886,000 after acquiring an additional 43,405 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter worth approximately $393,000. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter worth approximately $2,903,000. Finally, RCS Financial Planning LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter worth approximately $1,191,000.

Fidelity Investment Grade Securitized ETF Stock Performance

NYSEARCA FSEC remained flat at $43.92 on Friday. The company’s stock had a trading volume of 285,809 shares, compared to its average volume of 224,353. The firm has a fifty day moving average price of $43.96 and a 200-day moving average price of $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.