Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,477 shares, a growth of 417.8% from the June 30th total of 1,637 shares. Based on an average trading volume of 18,116 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.
Fidelity Preferred Securities & Income ETF Price Performance
Shares of BATS FPFD opened at $21.31 on Friday. The company’s fifty day simple moving average is $21.49 and its 200 day simple moving average is $21.73. Fidelity Preferred Securities & Income ETF has a 12-month low of $21.23 and a 12-month high of $22.34.
Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FPFD. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Preferred Securities & Income ETF by 2.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 110,937 shares of the company’s stock valued at $2,418,000 after buying an additional 2,947 shares during the period. Janney Montgomery Scott LLC raised its stake in 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. Jane Street Group LLC bought a new position in Fidelity Preferred Securities & Income ETF in the second quarter worth approximately $866,000. LPL Financial LLC boosted its holdings in Fidelity Preferred Securities & Income ETF by 176.6% in the fourth quarter. LPL Financial LLC now owns 36,896 shares of the company’s stock worth $804,000 after acquiring an additional 23,556 shares in the last quarter. Finally, Apollon Financial LLC acquired a new stake in Fidelity Preferred Securities & Income ETF in the first quarter valued at approximately $455,000.
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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