Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Drops By 66.8%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 55,522 shares, a decrease of 66.8% from the June 30th total of 167,332 shares. Based on an average daily volume of 216,853 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its holdings in Fidelity Investment Grade Securitized ETF by 2,051.6% during the 4th quarter. Cetera Investment Advisers now owns 341,761 shares of the company’s stock valued at $15,082,000 after acquiring an additional 325,877 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Investment Grade Securitized ETF by 1,860.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 142,653 shares of the company’s stock worth $6,295,000 after purchasing an additional 135,377 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter valued at $2,903,000. Flow Traders U.S. LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the third quarter worth about $2,076,000. Finally, Goldman Sachs Group Inc. purchased a new position in Fidelity Investment Grade Securitized ETF in the 1st quarter worth about $1,384,000.

Fidelity Investment Grade Securitized ETF Price Performance

Shares of NYSEARCA FSEC opened at $43.44 on Friday. Fidelity Investment Grade Securitized ETF has a 1 year low of $42.97 and a 1 year high of $45.60. The firm has a 50-day simple moving average of $43.77 and a two-hundred day simple moving average of $44.06.

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.