Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Expands By 190.3%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 53,302 shares, an increase of 190.3% from the July 15th total of 18,361 shares. Based on an average daily volume of 73,606 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.

Fidelity High Yield Factor ETF Trading Up 0.0%

Shares of Fidelity High Yield Factor ETF stock traded up $0.02 during trading on Friday, hitting $49.17. 50,640 shares of the company were exchanged, compared to its average volume of 80,504. Fidelity High Yield Factor ETF has a fifty-two week low of $48.00 and a fifty-two week high of $49.71. The firm has a 50 day moving average price of $49.06 and a 200 day moving average price of $49.13.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of Fidelity High Yield Factor ETF by 187.7% in the first quarter. Jane Street Group LLC now owns 14,900 shares of the company’s stock valued at $716,000 after acquiring an additional 9,721 shares in the last quarter. Raymond James Financial Inc. raised its holdings 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 valued at $3,360,000 after acquiring an additional 8,009 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of 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 worth $402,000 after purchasing an additional 869 shares during the period. JPMorgan Chase & Co. lifted its stake 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 worth $1,886,000 after purchasing an additional 752 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Fidelity High Yield Factor ETF during the 3rd quarter worth $289,000.

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.