Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) saw a significant growth in short interest during 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 daily trading volume, of 18,116 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.
Fidelity Preferred Securities & Income ETF Price Performance
Shares of FPFD stock opened at $21.31 on Monday. The company has a 50-day moving average of $21.49 and a two-hundred day moving average of $21.73. Fidelity Preferred Securities & Income ETF has a 1-year low of $21.23 and a 1-year high of $22.34.
Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF
Several large investors have recently made changes to their positions in FPFD. Advisory Services Network LLC acquired a new stake in Fidelity Preferred Securities & Income ETF in the 3rd quarter valued at approximately $63,000. Kestra Advisory Services LLC acquired a new position in Fidelity Preferred Securities & Income ETF during the fourth quarter worth $65,000. Sound Income Strategies LLC boosted its position in shares of 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 buying an additional 826 shares during the period. Comerica Bank purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter worth $137,000. Finally, Osaic Holdings Inc. grew its stake in shares of Fidelity Preferred Securities & Income ETF by 11.4% in the fourth quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock valued at $151,000 after buying an additional 705 shares in the last quarter.
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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