Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Decreases By 57.9%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 19,788 shares, a decline of 57.9% from the January 15th total of 46,959 shares. Based on an average daily volume of 89,411 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 89,411 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity High Yield Factor ETF Trading Up 0.2%

Shares of Fidelity High Yield Factor ETF stock traded up $0.10 during trading on Friday, hitting $49.68. 58,823 shares of the company’s stock traded hands, compared to its average volume of 83,184. Fidelity High Yield Factor ETF has a 1 year low of $45.41 and a 1 year high of $49.71. The business has a 50-day simple moving average of $49.45 and a 200-day simple moving average of $49.27.

Fidelity High Yield Factor ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a dividend of $0.236 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDHY. Jane Street Group LLC grew its position in Fidelity High Yield Factor ETF by 187.7% in the 1st quarter. Jane Street Group LLC now owns 14,900 shares of the company’s stock worth $716,000 after purchasing an additional 9,721 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 13.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 5,875 shares of the company’s stock worth $287,000 after buying an additional 677 shares during the last quarter. CWM LLC bought a new stake in shares of Fidelity High Yield Factor ETF in the second quarter worth $209,000. Axxcess Wealth Management LLC grew its holdings in shares of Fidelity High Yield Factor ETF by 97.2% in the second quarter. Axxcess Wealth Management LLC now owns 71,255 shares of the company’s stock worth $3,481,000 after acquiring an additional 35,120 shares during the period. Finally, Flavin Financial Services Inc. increased its position in Fidelity High Yield Factor ETF by 1.6% during the second quarter. Flavin Financial Services Inc. now owns 78,729 shares of the company’s stock valued at $3,846,000 after acquiring an additional 1,225 shares during the last quarter.

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.