Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Drops By 74.8%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,795 shares, a drop of 74.8% from the May 14th total of 42,769 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 82,219 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several institutional investors have recently modified their holdings of FDHY. LPL Financial LLC grew its position in shares of Fidelity High Yield Factor ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock worth $24,824,000 after acquiring an additional 74,936 shares during the last quarter. Geneva Partners LLC bought a new position in shares of Fidelity High Yield Factor ETF during the first quarter worth about $3,402,000. Financial Management Professionals Inc. grew its position in shares of Fidelity High Yield Factor ETF by 10.7% during the fourth quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock worth $22,427,000 after acquiring an additional 43,498 shares during the last quarter. Wise Wealth Partners bought a new position in shares of Fidelity High Yield Factor ETF during the fourth quarter worth about $1,801,000. Finally, Advisory Services Network LLC grew its position in shares of Fidelity High Yield Factor ETF by 21.9% during the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after acquiring an additional 33,937 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Up 0.2%

Shares of Fidelity High Yield Factor ETF stock traded up $0.09 during trading on Friday, hitting $49.18. 63,484 shares of the stock were exchanged, compared to its average volume of 79,993. The stock’s fifty day moving average is $49.15 and its 200 day moving average is $49.23. Fidelity High Yield Factor ETF has a 12 month low of $48.00 and a 12 month high of $49.71.

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.