Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,637 shares, a decline of 34.8% from the June 15th total of 2,512 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,082 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ransom Advisory Ltd purchased a new stake in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $38,000. Advisory Services Network LLC purchased a new stake in Fidelity Preferred Securities & Income ETF in the third quarter valued at approximately $63,000. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Preferred Securities & Income ETF during the 4th quarter valued at $65,000. Sound Income Strategies LLC increased its stake in Fidelity Preferred Securities & Income ETF by 35.3% during the fourth quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock worth $70,000 after acquiring an additional 826 shares during the last quarter. Finally, Comerica Bank acquired a new stake in Fidelity Preferred Securities & Income ETF during the 4th quarter worth approximately $137,000.
Fidelity Preferred Securities & Income ETF Stock Performance
FPFD opened at $21.43 on Friday. The stock’s 50 day simple moving average is $21.53 and its 200 day simple moving average is $21.75. Fidelity Preferred Securities & Income ETF has a 1-year low of $21.38 and a 1-year high of $22.34.
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.
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