Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw strong trading volume on Monday . 47,914 shares changed hands during mid-day trading, a decline of 41% from the previous session’s volume of 80,788 shares.The stock last traded at $48.95 and had previously closed at $48.81.

Fidelity High Yield Factor ETF Trading Up 0.1%

The company’s fifty day moving average price is $49.10 and its 200-day moving average price is $49.18.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in Fidelity High Yield Factor ETF by 187.7% during the 1st quarter. Jane Street Group LLC now owns 14,900 shares of the company’s stock valued at $716,000 after purchasing an additional 9,721 shares during the last quarter. Raymond James Financial Inc. raised its position in Fidelity High Yield Factor ETF by 13.2% in the 2nd quarter. Raymond James Financial Inc. now owns 68,787 shares of the company’s stock worth $3,360,000 after buying an additional 8,009 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity High Yield Factor ETF by 11.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,154 shares of the company’s stock valued at $402,000 after acquiring an additional 869 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity High Yield Factor ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,263 shares of the company’s stock valued at $1,886,000 after acquiring an additional 752 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Fidelity High Yield Factor ETF in the third quarter worth approximately $289,000.

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.