Fidelity Preferred Securities & Income ETF (BATS:FPFD) Short Interest Down 67.3% in August

Fidelity Preferred Securities & Income ETF (BATS:FPFD) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 1,783 shares, a drop of 67.3% from the July 30th total of 5,452 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 12,774 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its holdings in shares of Fidelity Preferred Securities & Income ETF by 14.0% in the first quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock valued at $372,000 after acquiring an additional 2,133 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Fidelity Preferred Securities & Income ETF in the first quarter worth approximately $238,000. Apollon Financial LLC acquired a new stake in Fidelity Preferred Securities & Income ETF in the first quarter worth approximately $455,000. Janney Montgomery Scott LLC boosted its stake 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 purchasing an additional 42,204 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Fidelity Preferred Securities & Income ETF by 11.4% during the 4th quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock valued at $151,000 after purchasing an additional 705 shares in the last quarter.

Fidelity Preferred Securities & Income ETF Stock Performance

Shares of FPFD opened at $21.27 on Thursday. The business’s fifty day moving average price is $21.35 and its 200 day moving average price is $21.61. Fidelity Preferred Securities & Income ETF has a 12-month low of $21.15 and a 12-month 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.