Short Interest in Fidelity Preferred Securities & Income ETF (BATS:FPFD) Declines By 64.0%

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the recipient of a large decline in short interest in 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 daily trading volume, of 16,850 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FPFD. Royal Bank of Canada increased its stake in Fidelity Preferred Securities & Income ETF by 117.4% in the 1st quarter. Royal Bank of Canada now owns 15,954 shares of the company’s stock valued at $342,000 after buying an additional 8,616 shares during the last quarter. Jane Street Group LLC purchased a new position in Fidelity Preferred Securities & Income ETF in the 2nd quarter worth approximately $866,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter worth approximately $63,000. IFP Advisors Inc lifted its holdings in shares of Fidelity Preferred Securities & Income ETF by 13.5% in the 3rd quarter. IFP Advisors Inc now owns 7,023 shares of the company’s stock worth $155,000 after acquiring an additional 836 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter worth approximately $38,000.

Fidelity Preferred Securities & Income ETF Trading Down 0.1%

Shares of BATS FPFD traded down $0.02 during trading hours on Friday, hitting $21.51. The company had a trading volume of 9,008 shares, compared to its average volume of 20,686. Fidelity Preferred Securities & Income ETF has a 1-year low of $21.35 and a 1-year high of $22.34. The firm’s 50 day moving average is $21.68 and its 200-day moving average is $21.82.

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.