Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Grows By 411.1%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 110,290 shares, an increase of 411.1% from the February 26th total of 21,580 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 166,660 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 166,660 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC stock traded down $0.14 on Tuesday, reaching $43.85. 145,351 shares of the company’s stock traded hands, compared to its average volume of 208,108. Fidelity Investment Grade Securitized ETF has a 12-month low of $41.98 and a 12-month high of $45.60. The business’s 50 day moving average price is $44.35 and its two-hundred day moving average price is $44.40.

Fidelity Investment Grade Securitized ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a dividend of $0.136 per share. This represents a c) dividend on an annualized basis 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 Trading of Fidelity Investment Grade Securitized ETF

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in Fidelity Investment Grade Securitized ETF in the third quarter valued at approximately $27,000. Bank of America Corp DE bought a new stake in Fidelity Investment Grade Securitized ETF in the fourth quarter worth $45,000. Raymond James Financial Inc. bought a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth $52,000. Cornerstone Planning Group LLC acquired a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth $82,000. Finally, AE Wealth Management LLC acquired a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth $97,000.

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.