Fidelity Preferred Securities & Income ETF (BATS:FPFD) Stock Short Interest Report for September

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 972 shares, a decrease 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 currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Preferred Securities & Income ETF Stock Performance

FPFD stock remained flat at $20.48 during trading on Friday. 20,268 shares of the company were exchanged, compared to its average volume of 18,529. Fidelity Preferred Securities & Income ETF has a 52-week low of $20.35 and a 52-week high of $22.23. The firm’s 50-day moving average is $21.00 and its 200 day moving average is $21.37.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of Fidelity Preferred Securities & Income ETF in the 1st quarter worth approximately $238,000. Arkadios Wealth Advisors raised 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 worth $372,000 after purchasing an additional 2,133 shares during the last quarter. Apollon Financial LLC acquired a new position in Fidelity Preferred Securities & Income ETF during the first quarter worth $455,000. Finally, Janney Montgomery Scott LLC boosted its position in Fidelity Preferred Securities & Income ETF by 95.8% during the first quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock worth $1,852,000 after purchasing an additional 42,204 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.