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

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,452 shares, a drop of 35.7% from the July 15th total of 8,477 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,219 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

Several large investors have recently bought and sold shares of FPFD. Advisory Services Network LLC bought a new stake in shares of Fidelity Preferred Securities & Income ETF during the 3rd quarter valued at $63,000. Kestra Advisory Services LLC bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter worth $65,000. Comerica Bank acquired a new stake in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter worth $137,000. Osaic Holdings Inc. increased its holdings in Fidelity Preferred Securities & Income ETF by 11.4% in the fourth quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock valued at $151,000 after purchasing an additional 705 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings 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 purchasing an additional 1,244 shares during the last quarter.

Fidelity Preferred Securities & Income ETF Price Performance

Shares of BATS:FPFD opened at $21.15 on Wednesday. Fidelity Preferred Securities & Income ETF has a 1-year low of $21.15 and a 1-year high of $22.34. The business has a 50-day moving average price of $21.38 and a two-hundred day moving average price of $21.64.

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.