Short Interest in Fidelity Preferred Securities & Income ETF (BATS:FPFD) Declines By 64.0%

Fidelity Preferred Securities & Income ETF (BATS:FPFD) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 2,483 shares, a decline of 64.0% from the May 14th total of 6,902 shares. Based on an average daily trading volume, of 16,850 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Fidelity Preferred Securities & Income ETF

Several hedge funds have recently bought and sold shares of the stock. Ransom Advisory Ltd purchased a new stake in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $38,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the 3rd quarter worth about $63,000. Kestra Advisory Services LLC bought a new stake in Fidelity Preferred Securities & Income ETF during the 4th quarter valued at about $65,000. Sound Income Strategies LLC lifted its holdings in 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 buying an additional 826 shares in the last quarter. Finally, Comerica Bank bought a new stake in Fidelity Preferred Securities & Income ETF during the 4th quarter valued at about $137,000.

Fidelity Preferred Securities & Income ETF Stock Performance

Shares of BATS:FPFD traded down $0.02 during trading on Friday, hitting $21.51. 9,008 shares of the company’s stock were exchanged, compared to its average volume of 20,686. Fidelity Preferred Securities & Income ETF has a 52-week low of $21.35 and a 52-week high of $22.34. The business’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $21.82.

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.