Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,637 shares, a decline of 34.8% from the June 15th total of 2,512 shares. Based on an average daily volume of 16,082 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF
Hedge funds have recently modified their holdings of the business. Ransom Advisory Ltd bought a new position in shares of Fidelity Preferred Securities & Income ETF during the 4th quarter valued at about $38,000. Advisory Services Network LLC bought a new stake in Fidelity Preferred Securities & Income ETF during the 3rd quarter worth approximately $63,000. Kestra Advisory Services LLC acquired a new stake in Fidelity Preferred Securities & Income ETF during the 4th quarter worth approximately $65,000. Sound Income Strategies LLC raised its holdings in Fidelity Preferred Securities & Income ETF by 35.3% during the 4th quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock worth $70,000 after buying an additional 826 shares during the period. Finally, Comerica Bank bought a new position in Fidelity Preferred Securities & Income ETF in the fourth quarter valued at approximately $137,000.
Fidelity Preferred Securities & Income ETF Trading Down 0.0%
BATS FPFD opened at $21.42 on Friday. Fidelity Preferred Securities & Income ETF has a 12 month low of $21.38 and a 12 month high of $22.34. The stock has a 50-day simple moving average of $21.53 and a 200 day simple moving average of $21.75.
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.
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