Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,783 shares, a decrease of 67.3% from the July 30th total of 5,452 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 12,774 shares, the days-to-cover ratio is currently 0.1 days.
Fidelity Preferred Securities & Income ETF Stock Performance
BATS:FPFD opened at $21.18 on Friday. The company has a fifty day simple moving average of $21.34 and a two-hundred day simple moving average of $21.60. Fidelity Preferred Securities & Income ETF has a 52 week low of $21.15 and a 52 week high of $22.34.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of FPFD. Advisory Services Network LLC purchased a new stake in Fidelity Preferred Securities & Income ETF during the 3rd quarter worth about $63,000. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter valued at about $65,000. Comerica Bank acquired a new position in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter worth about $137,000. Osaic Holdings Inc. grew its position in shares of Fidelity Preferred Securities & Income ETF by 11.4% during the fourth quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock worth $151,000 after buying an additional 705 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Fidelity Preferred Securities & Income ETF by 17.7% during the fourth quarter. IFP Advisors Inc now owns 8,265 shares of the company’s stock worth $180,000 after buying an additional 1,244 shares during the period.
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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