Fidelity Preferred Securities & Income ETF (BATS:FPFD) Sees Large Drop in Short Interest

Fidelity Preferred Securities & Income ETF (BATS:FPFD) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 5,452 shares, a decline of 35.7% from the July 15th total of 8,477 shares. Based on an average trading volume of 10,219 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Fidelity Preferred Securities & Income ETF

A number of institutional investors have recently made changes to their positions in FPFD. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Preferred Securities & Income ETF by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 110,937 shares of the company’s stock worth $2,418,000 after purchasing an additional 2,947 shares during the last quarter. Janney Montgomery Scott LLC boosted 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 valued at $1,852,000 after buying an additional 42,204 shares during the period. Jane Street Group LLC purchased a new stake in Fidelity Preferred Securities & Income ETF during the 2nd quarter valued at $866,000. LPL Financial LLC boosted its position in Fidelity Preferred Securities & Income ETF by 176.6% during the 4th quarter. LPL Financial LLC now owns 36,896 shares of the company’s stock valued at $804,000 after buying an additional 23,556 shares during the period. Finally, Apollon Financial LLC bought a new stake in Fidelity Preferred Securities & Income ETF in the 1st quarter worth $455,000.

Fidelity Preferred Securities & Income ETF Stock Performance

FPFD opened at $21.20 on Thursday. The stock’s 50 day simple moving average is $21.38 and its 200 day simple moving average is $21.64. Fidelity Preferred Securities & Income ETF has a 1 year low of $21.15 and a 1 year high of $22.34.

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.