Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Large Decline in Short Interest

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 19,007 shares, a decline of 64.3% from the July 30th total of 53,302 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 66,632 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FDHY. Jane Street Group LLC increased its position in shares of Fidelity High Yield Factor ETF by 187.7% during 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. lifted its position 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 valued at $402,000 after purchasing an additional 869 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 valued at $1,886,000 after purchasing an additional 752 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Fidelity High Yield Factor ETF in the 3rd quarter worth $289,000.

Fidelity High Yield Factor ETF Stock Performance

FDHY stock traded down $0.34 during trading on Friday, hitting $48.94. 166,724 shares of the stock traded hands, compared to its average volume of 80,824. Fidelity High Yield Factor ETF has a 1 year low of $48.00 and a 1 year high of $49.71. The firm’s 50 day moving average is $49.07 and its two-hundred day moving average is $49.11.

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.