Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw unusually-high trading volume on Friday . 134,862 shares were traded during mid-day trading, an increase of 66% from the previous session’s volume of 81,211 shares.The stock last traded at $48.55 and had previously closed at $48.62.

Fidelity High Yield Factor ETF Stock Down 0.2%

The stock has a 50 day moving average of $48.95 and a 200 day moving average of $49.02.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Hedge funds have recently bought and sold shares of the company. Nalls Sherbakoff Group LLC bought a new stake in Fidelity High Yield Factor ETF during the fourth quarter valued at $25,000. Solstein Capital LLC bought a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter worth about $25,000. Continuum Advisory LLC bought a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter worth about $142,000. IFP Advisors Inc lifted its stake in shares of Fidelity High Yield Factor ETF by 747.4% in the 4th quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock valued at $145,000 after purchasing an additional 2,586 shares during the period. Finally, Clearstead Trust LLC boosted its position in shares of Fidelity High Yield Factor ETF by 38.0% during the 4th quarter. Clearstead Trust LLC now owns 4,614 shares of the company’s stock valued at $228,000 after purchasing an additional 1,271 shares in the last quarter.

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.