Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Expands By 23.8%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 163,838 shares, a growth of 23.8% from the January 29th total of 132,342 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 168,769 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 168,769 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.

Fidelity Investment Grade Securitized ETF Price Performance

FSEC stock traded down $0.12 during trading on Tuesday, hitting $44.46. 45,346 shares of the company’s stock traded hands, compared to its average volume of 223,221. Fidelity Investment Grade Securitized ETF has a 52 week low of $41.98 and a 52 week high of $45.60. The business has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $44.35.

Fidelity Investment Grade Securitized ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a dividend of $0.136 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, February 26th. This is a boost from Fidelity Investment Grade Securitized ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Fidelity Investment Grade Securitized ETF by 182.4% during the third quarter. Envestnet Asset Management Inc. now owns 31,823 shares of the company’s stock valued at $1,403,000 after buying an additional 20,556 shares during the period. Allworth Financial LP bought a new stake in Fidelity Investment Grade Securitized ETF during the 2nd quarter valued at $81,000. Nwam LLC purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter valued at $404,000. Mission Wealth Management LP bought a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter worth $321,000. Finally, High Falls Advisors Inc raised its position in shares of Fidelity Investment Grade Securitized ETF by 110.7% in the 3rd quarter. High Falls Advisors Inc now owns 11,728 shares of the company’s stock worth $517,000 after acquiring an additional 6,163 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.