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

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the recipient of a significant growth in short interest in 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. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 14,582 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ransom Advisory Ltd purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $38,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the third quarter valued at $63,000. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $65,000. Sound Income Strategies LLC increased its position in shares of Fidelity Preferred Securities & Income ETF by 35.3% in the fourth quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock valued at $70,000 after buying an additional 826 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $137,000.

Fidelity Preferred Securities & Income ETF Trading Up 0.0%

BATS:FPFD opened at $21.60 on Friday. The stock has a fifty day moving average price of $21.69 and a two-hundred day moving average price of $21.85. Fidelity Preferred Securities & Income ETF has a 1 year low of $21.22 and a 1 year high of $22.34.

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.