Short Interest in Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Declines By 53.5%

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 38,949 shares, a decrease of 53.5% from the July 15th total of 83,823 shares. Based on an average trading volume of 66,862 shares, the days-to-cover ratio is currently 0.6 days. Currently, 7.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FYEE. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Yield Enhanced Equity ETF by 696.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock valued at $66,000 after buying an additional 2,000 shares during the period. Advisory Resource Group grew its stake in Fidelity Yield Enhanced Equity ETF by 1.2% in the 4th quarter. Advisory Resource Group now owns 275,109 shares of the company’s stock worth $7,890,000 after acquiring an additional 3,161 shares during the period. Summit Wealth Partners LLC grew its stake in Fidelity Yield Enhanced Equity ETF by 24.8% in the 1st quarter. Summit Wealth Partners LLC now owns 17,345 shares of the company’s stock worth $471,000 after acquiring an additional 3,445 shares during the period. Bleakley Financial Group LLC raised its holdings in Fidelity Yield Enhanced Equity ETF by 2.4% in the 1st quarter. Bleakley Financial Group LLC now owns 183,026 shares of the company’s stock valued at $4,965,000 after acquiring an additional 4,212 shares during the last quarter. Finally, NFSG Corp raised its holdings in Fidelity Yield Enhanced Equity ETF by 31.9% in the 1st quarter. NFSG Corp now owns 20,534 shares of the company’s stock valued at $557,000 after acquiring an additional 4,972 shares during the last quarter.

Fidelity Yield Enhanced Equity ETF Price Performance

FYEE opened at $30.30 on Monday. The firm has a market cap of $15.15 million, a P/E ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a 52 week low of $26.29 and a 52 week high of $30.41. The business’s fifty day simple moving average is $29.33 and its 200 day simple moving average is $28.91.

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.