Fidelity Preferred Securities & Income ETF (BATS:FPFD) Short Interest Up 417.8% in July

Fidelity Preferred Securities & Income ETF (BATS:FPFD) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 8,477 shares, an increase of 417.8% from the June 30th total of 1,637 shares. Based on an average daily trading volume, of 18,116 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Fidelity Preferred Securities & Income ETF Trading Up 0.1%

Fidelity Preferred Securities & Income ETF stock opened at $21.31 on Friday. Fidelity Preferred Securities & Income ETF has a 1 year low of $21.23 and a 1 year high of $22.34. The firm’s 50 day moving average price is $21.49 and its 200-day moving average price is $21.73.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in Fidelity Preferred Securities & Income ETF by 11.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,911 shares of the company’s stock valued at $151,000 after acquiring an additional 705 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Fidelity Preferred Securities & Income ETF by 35.3% during the 4th quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock valued at $70,000 after purchasing an additional 826 shares during the last quarter. IFP Advisors Inc grew its position in shares of Fidelity Preferred Securities & Income ETF by 13.5% during the third quarter. IFP Advisors Inc now owns 7,023 shares of the company’s stock valued at $155,000 after purchasing an additional 836 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Fidelity Preferred Securities & Income ETF by 14.0% during the first quarter. Arkadios Wealth Advisors now owns 17,348 shares of the company’s stock valued at $372,000 after purchasing an additional 2,133 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the third quarter valued at about $63,000.

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.