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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 106,270 shares, an increase of 314.3% from the August 31st total of 25,648 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 464,978 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Investment Grade Securitized ETF Trading Up 0.1%

Fidelity Investment Grade Securitized ETF stock traded up $0.06 during mid-day trading on Friday, hitting $42.06. The company had a trading volume of 362,136 shares, compared to its average volume of 284,869. Fidelity Investment Grade Securitized ETF has a 12-month low of $41.89 and a 12-month high of $44.99. The company’s fifty day moving average is $43.21 and its 200-day moving average is $43.68.

Institutional Trading of Fidelity Investment Grade Securitized ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in Fidelity Investment Grade Securitized ETF by 12.7% during the first quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock valued at $16,886,000 after buying an additional 43,405 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth about $11,071,000. Global Wealth Strategies & Associates boosted its stake in shares of Fidelity Investment Grade Securitized ETF by 12.9% during the 2nd quarter. Global Wealth Strategies & Associates now owns 213,061 shares of the company’s stock worth $9,341,000 after acquiring an additional 24,332 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter valued at about $2,903,000. Finally, Midwest Financial Network LLC increased its stake in shares of Fidelity Investment Grade Securitized ETF by 113.2% in the 2nd quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock valued at $1,529,000 after purchasing an additional 18,527 shares in the last quarter.

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.