Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Shares Shorted: Short Interest Down 69.1% in September

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,011 shares, a decline of 69.1% from the September 15th total of 6,516 shares. Based on an average trading volume of 106,583 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity High Yield Factor ETF Stock Performance

Shares of FDHY traded up $0.01 during midday trading on Monday, hitting $47.81. 42,294 shares of the stock traded hands, compared to its average volume of 83,356. The business’s 50 day moving average price is $48.63 and its two-hundred day moving average price is $48.92. Fidelity High Yield Factor ETF has a 1-year low of $47.15 and a 1-year high of $49.70.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 10,759 shares of the company’s stock valued at $522,000 after buying an additional 263 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Fidelity High Yield Factor ETF by 2.2% in the 1st quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after acquiring an additional 457 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Fidelity High Yield Factor ETF in the 4th quarter worth approximately $25,000. Solstein Capital LLC acquired a new stake in shares of Fidelity High Yield Factor ETF in the second quarter worth $25,000. Finally, NWF Advisory Services Inc. lifted its position in Fidelity High Yield Factor ETF by 11.3% during the 4th quarter. NWF Advisory Services Inc. now owns 8,278 shares of the company’s stock worth $408,000 after acquiring an additional 840 shares during 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.