Short Interest in Fidelity Preferred Securities & Income ETF (BATS:FPFD) Decreases By 34.8%

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,637 shares, a decrease of 34.8% from the June 15th total of 2,512 shares. Based on an average trading volume of 16,082 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position in shares of Fidelity Preferred Securities & Income ETF by 95.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock worth $1,852,000 after buying an additional 42,204 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the second quarter worth about $866,000. LPL Financial LLC grew its stake in shares of Fidelity Preferred Securities & Income ETF by 176.6% in the 4th quarter. LPL Financial LLC now owns 36,896 shares of the company’s stock valued at $804,000 after purchasing an additional 23,556 shares during the last quarter. Apollon Financial LLC acquired a new position in Fidelity Preferred Securities & Income ETF in the 1st quarter valued at $455,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter worth about $332,000.

Fidelity Preferred Securities & Income ETF Stock Performance

Shares of BATS FPFD opened at $21.43 on Friday. The stock’s 50-day moving average is $21.53 and its two-hundred day moving average is $21.75. Fidelity Preferred Securities & Income ETF has a 1-year low of $21.38 and a 1-year high of $22.34.

About Fidelity Preferred Securities & Income ETF

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.