Fidelity Preferred Securities & Income ETF (BATS:FPFD) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in Fidelity Preferred Securities & Income ETF during the 1st quarter worth approximately $238,000. Apollon Financial LLC purchased a new stake in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at $455,000. Janney Montgomery Scott LLC boosted its position in shares of Fidelity Preferred Securities & Income ETF by 95.8% in the first 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 period. Osaic Holdings Inc. grew its holdings in shares of Fidelity Preferred Securities & Income ETF by 11.4% during the fourth quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock valued at $151,000 after buying an additional 705 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter valued at $65,000.

Fidelity Preferred Securities & Income ETF Trading Down 0.0%

Shares of BATS FPFD traded down $0.01 during mid-day trading on Monday, hitting $21.68. 3,620 shares of the company traded hands, compared to its average volume of 21,505. Fidelity Preferred Securities & Income ETF has a 1 year low of $21.18 and a 1 year high of $22.34. The business has a 50 day moving average of $21.74 and a two-hundred day moving average of $21.88.

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.