Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 972 shares, a drop of 79.1% from the September 15th total of 4,647 shares. Based on an average daily volume of 16,785 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Fidelity Preferred Securities & Income ETF Price Performance
BATS:FPFD opened at $20.44 on Tuesday. The company’s 50 day moving average is $20.99 and its 200-day moving average is $21.36. Fidelity Preferred Securities & Income ETF has a 12 month low of $20.35 and a 12 month high of $22.23.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position 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 acquiring an additional 42,204 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Fidelity Preferred Securities & Income ETF by 14.0% during the first quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock valued at $372,000 after acquiring an additional 2,133 shares during the period. Fifth Third Bancorp bought a new stake in Fidelity Preferred Securities & Income ETF during the first quarter valued at about $238,000. Finally, Apollon Financial LLC acquired a new stake in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at about $455,000.
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.
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