Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Rises By 965.4%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 220,771 shares, an increase of 965.4% from the December 31st total of 20,721 shares. Based on an average daily trading volume, of 301,097 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 301,097 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of FSEC traded down $0.12 on Thursday, reaching $44.21. 240,761 shares of the stock traded hands, compared to its average volume of 278,110. The stock’s 50-day moving average price is $44.36 and its 200-day moving average price is $44.16. Fidelity Investment Grade Securitized ETF has a 12 month low of $41.98 and a 12 month high of $45.60.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 29th will be given a $0.132 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter valued at about $81,000. Envestnet Asset Management Inc. bought a new position in Fidelity Investment Grade Securitized ETF in the 2nd quarter valued at $491,000. Nwam LLC bought a new stake in shares of Fidelity Investment Grade Securitized ETF during the second quarter worth $404,000. IFP Advisors Inc acquired a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth about $109,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter valued at about $298,000.

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.