Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Shares Shorted: Short Interest Up 897.5% in October

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 594,917 shares, an increase of 897.5% from the October 15th total of 59,642 shares. Based on an average daily volume of 572,823 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are short sold.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC stock opened at $42.18 on Friday. The firm has a fifty day simple moving average of $42.39 and a two-hundred day simple moving average of $43.53. Fidelity Investment Grade Securitized ETF has a 12 month low of $41.45 and a 12 month high of $44.93.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC bought a new position in Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at about $280,000. Brighton Jones LLC bought a new stake in Fidelity Investment Grade Securitized ETF during the 3rd quarter worth approximately $234,000. Investment Partners LTD. bought a new stake in Fidelity Investment Grade Securitized ETF during the 3rd quarter worth approximately $241,000. Verdence Capital Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the third quarter worth approximately $309,000. Finally, IFP Advisors Inc raised its stake in shares of Fidelity Investment Grade Securitized ETF by 203.2% in the third quarter. IFP Advisors Inc now owns 5,252 shares of the company’s stock worth $219,000 after purchasing an additional 3,520 shares during 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.