Short Interest in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Rises By 8,372.5%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 167,332 shares, a growth of 8,372.5% from the June 15th total of 1,975 shares. Based on an average daily volume of 711,284 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter worth $45,000. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter valued at about $1,384,000. Creative Planning acquired a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth about $314,000. Cetera Investment Advisers acquired a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth about $471,000. Finally, JPMorgan Chase & Co. grew its position in Fidelity Investment Grade Securitized ETF by 840.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,049 shares of the company’s stock valued at $830,000 after buying an additional 17,024 shares in the last quarter.

Fidelity Investment Grade Securitized ETF Stock Performance

Shares of NYSEARCA FSEC traded down $0.07 during midday trading on Friday, hitting $43.67. 165,022 shares of the company’s stock were exchanged, compared to its average volume of 259,259. The stock’s 50 day moving average price is $43.84 and its 200-day moving average price is $44.12. Fidelity Investment Grade Securitized ETF has a twelve month low of $42.97 and a twelve month high of $45.60.

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.