Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,647 shares, a growth of 96.1% from the August 31st total of 2,370 shares. Based on an average trading volume of 18,964 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of FPFD. Janney Montgomery Scott LLC grew its position in shares of Fidelity Preferred Securities & Income ETF by 95.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock worth $1,852,000 after buying an additional 42,204 shares during the period. Apollon Financial LLC acquired a new position in Fidelity Preferred Securities & Income ETF in the first quarter valued at approximately $455,000. Arkadios Wealth Advisors lifted its holdings in Fidelity Preferred Securities & Income ETF by 14.0% in the first quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock valued at $372,000 after buying an additional 2,133 shares during the period. Finally, Fifth Third Bancorp bought a new position in Fidelity Preferred Securities & Income ETF in the first quarter valued at approximately $238,000.
Fidelity Preferred Securities & Income ETF Trading Down 0.1%
Fidelity Preferred Securities & Income ETF stock opened at $20.48 on Thursday. The business’s 50-day simple moving average is $21.11 and its 200 day simple moving average is $21.43. Fidelity Preferred Securities & Income ETF has a 12-month low of $20.48 and a 12-month high of $22.23.
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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