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 May. As of May 29th, there was short interest totaling 2,483 shares, a decline of 64.0% from the May 14th total of 6,902 shares. Based on an average trading volume of 16,850 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Fidelity Preferred Securities & Income ETF Trading Down 0.0%

Shares of FPFD stock opened at $21.52 on Friday. The company has a 50 day moving average price of $21.68 and a 200-day moving average price of $21.82. Fidelity Preferred Securities & Income ETF has a 52 week low of $21.35 and a 52 week high of $22.34.

Institutional Trading of Fidelity Preferred Securities & Income ETF

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of Fidelity Preferred Securities & Income ETF in the first quarter worth approximately $238,000. Apollon Financial LLC bought a new stake in Fidelity Preferred Securities & Income ETF during the first quarter valued at approximately $455,000. Janney Montgomery Scott LLC grew its position in Fidelity Preferred Securities & Income ETF by 95.8% during the first quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock valued at $1,852,000 after buying an additional 42,204 shares during the period. Osaic Holdings Inc. grew its position 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 valued at $151,000 after buying an additional 705 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Fidelity Preferred Securities & Income ETF during the fourth quarter valued at approximately $65,000.

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.