Fidelity Preferred Securities & Income ETF (BATS:FPFD) Short Interest Update

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,453 shares, a decline of 48.2% from the April 15th total of 4,733 shares. Based on an average daily trading volume, of 12,212 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the 1st quarter worth approximately $238,000. Apollon Financial LLC acquired a new stake in Fidelity Preferred Securities & Income ETF in the 1st quarter worth approximately $455,000. Janney Montgomery Scott LLC boosted its stake in Fidelity Preferred Securities & Income ETF by 95.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock worth $1,852,000 after purchasing an additional 42,204 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Fidelity Preferred Securities & Income ETF by 11.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock worth $151,000 after purchasing an additional 705 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Fidelity Preferred Securities & Income ETF in the 4th quarter worth approximately $65,000.

Fidelity Preferred Securities & Income ETF Stock Down 0.3%

Shares of Fidelity Preferred Securities & Income ETF stock opened at $21.69 on Friday. The firm’s 50 day moving average price is $21.74 and its 200-day moving average price is $21.88. Fidelity Preferred Securities & Income ETF has a 52-week low of $21.18 and a 52-week high of $22.34.

Fidelity Preferred Securities & Income ETF Company Profile

The Fidelity Preferred Securities & Income ETF (FPFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in preferred and other income producing securities rated at least BB, issued by domestic and foreign issuers, with no specific target maturity. FPFD was launched on Jun 15, 2021 and is managed by Fidelity.