Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Short Interest Update

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 83,823 shares, a growth of 84.4% from the June 30th total of 45,469 shares. Approximately 16.8% of the shares of the stock are short sold. Based on an average trading volume of 63,456 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Yield Enhanced Equity ETF by 687.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 430,111 shares of the company’s stock valued at $12,336,000 after purchasing an additional 375,458 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Fidelity Yield Enhanced Equity ETF during the 4th quarter worth $6,721,000. Sentinel Advisory Group LLC acquired a new position in Fidelity Yield Enhanced Equity ETF during the 1st quarter worth $5,001,000. Bleakley Financial Group LLC acquired a new position in Fidelity Yield Enhanced Equity ETF during the 4th quarter worth $5,128,000. Finally, TBH Global Asset Management LLC increased its stake in shares of Fidelity Yield Enhanced Equity ETF by 192.4% in the 4th quarter. TBH Global Asset Management LLC now owns 220,339 shares of the company’s stock valued at $6,319,000 after buying an additional 144,990 shares during the period.

Fidelity Yield Enhanced Equity ETF Price Performance

BATS FYEE opened at $29.40 on Friday. The stock’s 50 day simple moving average is $29.24 and its 200 day simple moving average is $28.82. Fidelity Yield Enhanced Equity ETF has a one year low of $26.28 and a one year high of $30.14. The firm has a market cap of $14.70 million, a PE ratio of 24.14 and a beta of 1.00.

About Fidelity Yield Enhanced Equity ETF

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.