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

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,783 shares, a drop of 67.3% from the July 30th total of 5,452 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 12,774 shares, the short-interest ratio is currently 0.1 days.

Fidelity Preferred Securities & Income ETF Price Performance

Fidelity Preferred Securities & Income ETF stock opened at $21.27 on Thursday. Fidelity Preferred Securities & Income ETF has a one year low of $21.15 and a one year high of $22.34. The company’s fifty day moving average price is $21.35 and its two-hundred day moving average price is $21.61.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in shares of 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 during the last quarter. IFP Advisors Inc boosted its position in Fidelity Preferred Securities & Income ETF by 17.7% in the fourth quarter. IFP Advisors Inc now owns 8,265 shares of the company’s stock valued at $180,000 after buying an additional 1,244 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Fidelity Preferred Securities & Income ETF by 14.0% during the first quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock worth $372,000 after buying an additional 2,133 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Fidelity Preferred Securities & Income ETF during the third quarter worth approximately $63,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Fidelity Preferred Securities & Income ETF by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 110,937 shares of the company’s stock valued at $2,418,000 after acquiring an additional 2,947 shares during the last quarter.

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.