Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Significant Decrease in Short Interest

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 19,007 shares, a drop of 64.3% from the July 30th total of 53,302 shares. Based on an average daily trading volume, of 66,632 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors have recently bought and sold shares of FDHY. Nalls Sherbakoff Group LLC acquired a new position in Fidelity High Yield Factor ETF during the fourth quarter worth approximately $25,000. Solstein Capital LLC acquired a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter valued at $25,000. Arax Advisory Partners acquired a new position in shares of Fidelity High Yield Factor ETF in the 4th quarter valued at $37,000. NewEdge Advisors LLC grew its stake in shares of Fidelity High Yield Factor ETF by 69.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after buying an additional 425 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Fidelity High Yield Factor ETF during the 3rd quarter valued at $121,000.

Fidelity High Yield Factor ETF Stock Performance

FDHY opened at $48.94 on Friday. Fidelity High Yield Factor ETF has a 12 month low of $48.00 and a 12 month high of $49.71. The business has a 50-day moving average of $49.07 and a two-hundred day moving average of $49.11.

About Fidelity High Yield Factor ETF

The Fidelity High Yield Factor ETF (FDHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation. FDHY was launched on Jun 12, 2018 and is managed by Fidelity.