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

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in Fidelity Preferred Securities & Income ETF in the third quarter valued at $63,000. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter valued at about $65,000. Comerica Bank purchased a new stake in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter worth about $137,000. Osaic Holdings Inc. grew its holdings in Fidelity Preferred Securities & Income ETF by 11.4% during the fourth quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock worth $151,000 after acquiring an additional 705 shares during the period. Finally, IFP Advisors Inc raised its position in Fidelity Preferred Securities & Income ETF by 17.7% during the fourth quarter. IFP Advisors Inc now owns 8,265 shares of the company’s stock valued at $180,000 after acquiring an additional 1,244 shares in the last quarter.

Fidelity Preferred Securities & Income ETF Trading Up 0.1%

Shares of BATS:FPFD opened at $21.30 on Friday. Fidelity Preferred Securities & Income ETF has a twelve month low of $21.15 and a twelve month high of $22.34. The company’s 50 day moving average is $21.34 and its 200 day moving average is $21.61.

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.