Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Stock Short Interest Drops 65.3%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,516 shares, a decrease of 65.3% from the August 31st total of 18,770 shares. Based on an average daily trading volume, of 93,453 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp purchased a new position in shares of Fidelity High Yield Factor ETF during the 2nd quarter valued at $10,597,000. Strengthening Families & Communities LLC purchased a new position in Fidelity High Yield Factor ETF during the 2nd quarter valued at approximately $7,812,000. Moody National Bank Trust Division increased its position in Fidelity High Yield Factor ETF by 1.8% in the second quarter. Moody National Bank Trust Division now owns 118,644 shares of the company’s stock worth $5,817,000 after purchasing an additional 2,112 shares during the last quarter. Geneva Partners LLC bought a new stake in shares of Fidelity High Yield Factor ETF in the 1st quarter worth about $3,402,000. Finally, Evergreen Private Wealth LLC raised its position in Fidelity High Yield Factor ETF by 2.5% during the first quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock valued at $2,643,000 after purchasing an additional 1,348 shares during the period.

Fidelity High Yield Factor ETF Stock Down 0.4%

FDHY traded down $0.18 during trading on Monday, hitting $48.02. The company’s stock had a trading volume of 166,157 shares, compared to its average volume of 82,506. The business’s 50 day simple moving average is $48.87 and its 200-day simple moving average is $48.99. Fidelity High Yield Factor ETF has a one year low of $47.87 and a one year high of $49.70.

Fidelity High Yield Factor ETF Company Profile

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.