Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Down 99.1% in June

by · The Markets Daily

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,975 shares, a drop of 99.1% from the May 31st total of 210,222 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 201,977 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Investment Grade Securitized ETF by 182.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 31,823 shares of the company’s stock worth $1,403,000 after purchasing an additional 20,556 shares during the last quarter. Granite Harbor Advisors Inc. purchased a new position in Fidelity Investment Grade Securitized ETF in the fourth quarter valued at approximately $664,000. JPMorgan Chase & Co. grew its holdings in Fidelity Investment Grade Securitized ETF by 93.7% during the third quarter. JPMorgan Chase & Co. now owns 36,904 shares of the company’s stock valued at $1,627,000 after purchasing an additional 17,855 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 worth $6,295,000 after buying an additional 135,377 shares during the last quarter. Finally, Csenge Advisory Group purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter worth about $559,000.

Fidelity Investment Grade Securitized ETF Trading Down 0.0%

Shares of Fidelity Investment Grade Securitized ETF stock traded down $0.02 during trading hours on Thursday, hitting $44.11. 385,554 shares of the company’s stock traded hands, compared to its average volume of 259,095. Fidelity Investment Grade Securitized ETF has a 12-month low of $42.97 and a 12-month high of $45.60. The company has a fifty day simple moving average of $43.92 and a 200-day simple moving average of $44.16.

Fidelity Investment Grade Securitized ETF Company Profile

(Get Free Report)

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.

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