Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Short Interest Update
by Amy Steele · The Cerbat GemFidelity Investment Grade Securitized ETF (NYSEARCA:FSEC – Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 56,406 shares, a drop of 70.5% from the March 31st total of 191,237 shares. Based on an average daily trading volume, of 190,041 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. lifted its stake in Fidelity Investment Grade Securitized ETF by 4.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,350 shares of the company’s stock worth $236,000 after purchasing an additional 246 shares during the period. High Falls Advisors Inc lifted its stake in Fidelity Investment Grade Securitized ETF by 4.9% during the fourth quarter. High Falls Advisors Inc now owns 12,305 shares of the company’s stock worth $543,000 after purchasing an additional 577 shares during the period. Advisory Services Network LLC bought a new position in Fidelity Investment Grade Securitized ETF during the third quarter worth about $27,000. Bank of America Corp DE bought a new position in Fidelity Investment Grade Securitized ETF during the fourth quarter worth about $45,000. Finally, Raymond James Financial Inc. bought a new position in Fidelity Investment Grade Securitized ETF during the second quarter worth about $52,000.
Fidelity Investment Grade Securitized ETF Stock Up 0.0%
FSEC stock traded up $0.02 during trading on Friday, reaching $44.22. 103,782 shares of the stock were exchanged, compared to its average volume of 213,986. Fidelity Investment Grade Securitized ETF has a twelve month low of $42.41 and a twelve month high of $45.60. The stock has a 50 day simple moving average of $44.25 and a 200-day simple moving average of $44.36.
Fidelity Investment Grade Securitized ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a dividend of $0.136 per share. This is a positive change from Fidelity Investment Grade Securitized ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, February 26th.
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.