Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Up 420.1% in July

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 288,763 shares, a growth of 420.1% from the July 15th total of 55,522 shares. Based on an average daily volume of 311,767 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

Fidelity Investment Grade Securitized ETF Stock Up 0.4%

FSEC stock traded up $0.19 during midday trading on Friday, hitting $43.60. The company’s stock had a trading volume of 619 shares, compared to its average volume of 263,944. Fidelity Investment Grade Securitized ETF has a twelve month low of $42.97 and a twelve month high of $45.60. The company’s fifty day moving average price is $43.67 and its 200 day moving average price is $43.98.

Institutional Trading of Fidelity Investment Grade Securitized ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its stake in Fidelity Investment Grade Securitized ETF by 4.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,350 shares of the company’s stock valued at $236,000 after purchasing an additional 246 shares in the last quarter. High Falls Advisors Inc raised its stake in shares of Fidelity Investment Grade Securitized ETF by 4.9% during the 4th quarter. High Falls Advisors Inc now owns 12,305 shares of the company’s stock worth $543,000 after purchasing an additional 577 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at approximately $27,000. Bank of America Corp DE acquired a new stake in shares of Fidelity Investment Grade Securitized ETF in the 4th quarter valued at approximately $45,000. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at $52,000.

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.