Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,453 shares, a decline of 48.2% from the April 15th total of 4,733 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,212 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of FPFD. Janney Montgomery Scott LLC increased its stake in Fidelity Preferred Securities & Income ETF by 19.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,069 shares of the company’s stock worth $960,000 after purchasing an additional 7,076 shares in the last quarter. Jane Street Group LLC purchased a new position in Fidelity Preferred Securities & Income ETF in the 2nd quarter worth about $866,000. LPL Financial LLC increased its stake in Fidelity Preferred Securities & Income ETF by 176.6% in the 4th quarter. LPL Financial LLC now owns 36,896 shares of the company’s stock worth $804,000 after purchasing an additional 23,556 shares in the last quarter. Royal Bank of Canada increased its stake in Fidelity Preferred Securities & Income ETF by 117.4% in the 1st quarter. Royal Bank of Canada now owns 15,954 shares of the company’s stock worth $342,000 after purchasing an additional 8,616 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Fidelity Preferred Securities & Income ETF in the 4th quarter worth about $332,000.
Fidelity Preferred Securities & Income ETF Stock Down 0.3%
BATS:FPFD opened at $21.69 on Friday. The business’s 50-day moving average price is $21.74 and its 200 day moving average price is $21.88. Fidelity Preferred Securities & Income ETF has a 52-week low of $21.18 and a 52-week 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.
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