Fidelity Preferred Securities & Income ETF (BATS:FPFD) Short Interest Update

by · The Markets Daily

Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,647 shares, an increase of 96.1% from the August 31st total of 2,370 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 18,964 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

A number of institutional investors have recently modified their holdings of FPFD. Arkadios Wealth Advisors raised its stake in Fidelity Preferred Securities & Income ETF by 14.0% in the 1st quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock worth $372,000 after purchasing an additional 2,133 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at approximately $238,000. Apollon Financial LLC bought a new stake in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at approximately $455,000. Finally, Janney Montgomery Scott LLC grew 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 buying an additional 42,204 shares in the last quarter.

Fidelity Preferred Securities & Income ETF Stock Down 0.9%

Fidelity Preferred Securities & Income ETF stock opened at $20.51 on Wednesday. Fidelity Preferred Securities & Income ETF has a 12 month low of $20.50 and a 12 month high of $22.23. The stock’s 50 day moving average is $21.13 and its 200-day moving average is $21.44.

About Fidelity Preferred Securities & Income ETF

(Get Free Report)

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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