Fidelity Preferred Securities & Income ETF (BATS:FPFD) Short Interest Down 34.8% in June

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,637 shares, a decline of 34.8% from the June 15th total of 2,512 shares. Based on an average daily trading volume, of 16,082 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in Fidelity Preferred Securities & Income ETF by 95.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,273 shares of the company’s stock valued at $1,852,000 after acquiring an additional 42,204 shares during the period. Fifth Third Bancorp purchased a new stake in Fidelity Preferred Securities & Income ETF in the first quarter worth $238,000. Apollon Financial LLC purchased a new stake in Fidelity Preferred Securities & Income ETF in the first quarter worth $455,000. Osaic Holdings Inc. lifted 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 purchasing an additional 705 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Fidelity Preferred Securities & Income ETF during the fourth quarter worth $65,000.

Fidelity Preferred Securities & Income ETF Stock Down 0.0%

Shares of FPFD stock opened at $21.42 on Friday. Fidelity Preferred Securities & Income ETF has a 52 week low of $21.38 and a 52 week high of $22.34. The stock has a fifty day moving average of $21.53 and a 200 day moving average of $21.75.

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.