Short Interest in Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Increases By 69.3%

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 62,915 shares, an increase of 69.3% from the April 30th total of 37,163 shares. Based on an average trading volume of 90,966 shares, the days-to-cover ratio is presently 0.7 days. Approximately 12.6% of the shares of the company are short sold.

Fidelity Yield Enhanced Equity ETF Stock Performance

Shares of FYEE opened at $29.89 on Wednesday. The stock has a 50-day moving average of $28.46 and a two-hundred day moving average of $28.69. Fidelity Yield Enhanced Equity ETF has a one year low of $25.49 and a one year high of $30.14. The stock has a market cap of $14.95 million, a P/E ratio of 24.14 and a beta of 1.00.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its position in Fidelity Yield Enhanced Equity ETF by 142.1% during the 1st quarter. Sunbelt Securities Inc. now owns 5,537 shares of the company’s stock worth $150,000 after acquiring an additional 3,250 shares during the period. Royal Bank of Canada lifted its position in Fidelity Yield Enhanced Equity ETF by 137.7% during the 1st quarter. Royal Bank of Canada now owns 12,218 shares of the company’s stock worth $331,000 after acquiring an additional 7,077 shares during the period. Sentinel Advisory Group LLC acquired a new stake in Fidelity Yield Enhanced Equity ETF during the 1st quarter worth about $5,001,000. Cetera Investment Advisers lifted its position in Fidelity Yield Enhanced Equity ETF by 73.4% during the 1st quarter. Cetera Investment Advisers now owns 168,283 shares of the company’s stock worth $4,566,000 after acquiring an additional 71,209 shares during the period. Finally, NFSG Corp lifted its position in Fidelity Yield Enhanced Equity ETF by 31.9% during the 1st quarter. NFSG Corp now owns 20,534 shares of the company’s stock worth $557,000 after acquiring an additional 4,972 shares during the period.

Fidelity Yield Enhanced Equity ETF Company Profile

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.