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

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

Fidelity Preferred Securities & Income ETF Trading Down 0.3%

Shares of Fidelity Preferred Securities & Income ETF stock opened at $21.69 on Friday. Fidelity Preferred Securities & Income ETF has a 52-week low of $21.18 and a 52-week high of $22.34. The stock has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $21.88.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

Institutional investors have recently made changes to their positions in the company. Ransom Advisory Ltd bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter valued at approximately $38,000. Advisory Services Network LLC bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter valued at approximately $63,000. Kestra Advisory Services LLC bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter valued at approximately $65,000. Sound Income Strategies LLC raised its stake in shares of Fidelity Preferred Securities & Income ETF by 35.3% in the 4th quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock valued at $70,000 after acquiring an additional 826 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter valued at approximately $137,000.

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.