Short Interest in Fidelity Preferred Securities & Income ETF (BATS:FPFD) Increases By 181.4%

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,902 shares, a growth of 181.4% from the April 30th total of 2,453 shares. Based on an average daily trading volume, of 14,582 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Fidelity Preferred Securities & Income ETF Price Performance

Shares of FPFD traded up $0.01 during mid-day trading on Friday, hitting $21.60. 15,029 shares of the company’s stock were exchanged, compared to its average volume of 21,266. Fidelity Preferred Securities & Income ETF has a fifty-two week low of $21.22 and a fifty-two week high of $22.34. The business’s 50 day moving average is $21.69 and its two-hundred day moving average is $21.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Fidelity Preferred Securities & Income ETF by 86.8% during the 4th quarter. Jane Street Group LLC now owns 38,564 shares of the company’s stock valued at $841,000 after acquiring an additional 17,919 shares during the period. LPL Financial LLC increased its stake in shares of Fidelity Preferred Securities & Income ETF by 176.6% during the 4th quarter. LPL Financial LLC now owns 36,896 shares of the company’s stock worth $804,000 after purchasing an additional 23,556 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Fidelity Preferred Securities & Income ETF in the 4th quarter valued at $332,000. Osaic Holdings Inc. raised its holdings 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 valued at $151,000 after acquiring an additional 705 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Fidelity Preferred Securities & Income ETF in the 4th quarter valued at $65,000.

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.