Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Up 23.8% in February

by · The Cerbat Gem

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC – Get Free Report) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 163,838 shares, an increase of 23.8% from the January 29th total of 132,342 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 168,769 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 168,769 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are short sold.

Fidelity Investment Grade Securitized ETF Stock Performance

NYSEARCA FSEC traded down $0.12 during trading hours on Tuesday, hitting $44.46. The company had a trading volume of 45,346 shares, compared to its average volume of 223,221. The business has a 50 day moving average of $44.39 and a 200-day moving average of $44.35. Fidelity Investment Grade Securitized ETF has a 1-year low of $41.98 and a 1-year high of $45.60.

Fidelity Investment Grade Securitized ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.136 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.7%. This is an increase from Fidelity Investment Grade Securitized ETF’s previous monthly dividend of $0.13.

Institutional Trading of Fidelity Investment Grade Securitized ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in Fidelity Investment Grade Securitized ETF by 2,051.6% during the fourth quarter. Cetera Investment Advisers now owns 341,761 shares of the company’s stock worth $15,082,000 after purchasing an additional 325,877 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Investment Grade Securitized ETF by 1,860.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 142,653 shares of the company’s stock worth $6,295,000 after purchasing an additional 135,377 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at approximately $2,076,000. Goldman Sachs Group Inc. acquired a new stake in Fidelity Investment Grade Securitized ETF during the 1st quarter valued at $1,384,000. Finally, Jane Street Group LLC increased its position in Fidelity Investment Grade Securitized ETF by 97.4% during the second quarter. Jane Street Group LLC now owns 57,825 shares of the company’s stock worth $2,519,000 after buying an additional 28,525 shares in the last quarter.

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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