Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Stock Short Interest Declines 78.7%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 309 shares, a decrease of 78.7% from the October 15th total of 1,451 shares. Based on an average trading volume of 130,145 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FDHY. Investors Research Corp acquired 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 in the second quarter valued at about $7,812,000. BG Investment Services LLC grew its position in shares of Fidelity High Yield Factor ETF by 41.4% during the third quarter. BG Investment Services LLC now owns 161,941 shares of the company’s stock worth $7,690,000 after buying an additional 47,410 shares in the last quarter. Geneva Partners LLC grew its holdings in Fidelity High Yield Factor ETF by 16.7% during the 3rd quarter. Geneva Partners LLC now owns 147,412 shares of the company’s stock worth $7,002,000 after acquiring an additional 21,073 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Fidelity High Yield Factor ETF in the third quarter valued at about $6,413,000.

Fidelity High Yield Factor ETF Stock Performance

FDHY stock traded down $0.13 on Friday, hitting $47.52. 63,785 shares of the company were exchanged, compared to its average volume of 85,434. The business’s fifty day moving average is $47.97 and its two-hundred day moving average is $48.83. Fidelity High Yield Factor ETF has a twelve month low of $47.15 and a twelve month 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.