Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Large Increase in Short Interest

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 210,222 shares, a growth of 805.5% from the May 14th total of 23,217 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 316,434 shares, the short-interest ratio is presently 0.7 days.

Fidelity Investment Grade Securitized ETF Price Performance

Fidelity Investment Grade Securitized ETF stock opened at $43.74 on Wednesday. Fidelity Investment Grade Securitized ETF has a fifty-two week low of $42.83 and a fifty-two week high of $45.60. The stock’s fifty day moving average is $43.94 and its two-hundred day moving average is $44.21.

Institutional Trading of Fidelity Investment Grade Securitized ETF

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Fidelity Investment Grade Securitized ETF by 12.7% in the first quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock valued at $16,886,000 after purchasing an additional 43,405 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Investment Grade Securitized ETF by 1,860.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 142,653 shares of the company’s stock valued at $6,295,000 after purchasing an additional 135,377 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity Investment Grade Securitized ETF by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,495 shares of the company’s stock valued at $2,938,000 after purchasing an additional 13,542 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Fidelity Investment Grade Securitized ETF in the first quarter valued at $2,903,000. Finally, Jane Street Group LLC grew its holdings in Fidelity Investment Grade Securitized ETF by 97.4% in the second quarter. Jane Street Group LLC now owns 57,825 shares of the company’s stock valued at $2,519,000 after purchasing an additional 28,525 shares during the last quarter.

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.