Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Significant Growth in Short Interest

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 307,309 shares, a growth of 189.2% from the September 15th total of 106,270 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 517,794 shares, the short-interest ratio is currently 0.6 days.

Fidelity Investment Grade Securitized ETF Price Performance

NYSEARCA:FSEC traded up $0.06 during trading hours on Tuesday, hitting $41.94. 768,693 shares of the company traded hands, compared to its average volume of 308,137. Fidelity Investment Grade Securitized ETF has a twelve month low of $41.45 and a twelve month high of $44.99. The firm has a 50-day moving average of $42.81 and a 200 day moving average of $43.48.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Large investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in Fidelity Investment Grade Securitized ETF by 42.1% in the second quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock valued at $115,000 after buying an additional 779 shares in the last quarter. Royal Bank of Canada bought a new stake in Fidelity Investment Grade Securitized ETF during the first quarter worth about $126,000. Nwam LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the second quarter worth approximately $201,000. RDA Financial Network increased its holdings in shares of Fidelity Investment Grade Securitized ETF by 77.7% during the second quarter. RDA Financial Network now owns 8,458 shares of the company’s stock worth $371,000 after buying an additional 3,697 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter worth approximately $393,000.

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.