Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Sees Significant Decrease in Short Interest

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 43,254 shares, a decrease of 35.2% from the September 30th total of 66,752 shares. Approximately 8.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 103,885 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

Large investors have recently made changes to their positions in the stock. Traynor Capital Management Inc. increased its position in Fidelity Yield Enhanced Equity ETF by 26.5% during the 3rd quarter. Traynor Capital Management Inc. now owns 65,612 shares of the company’s stock worth $1,948,000 after purchasing an additional 13,764 shares in the last quarter. Latitude Advisors LLC purchased a new position in Fidelity Yield Enhanced Equity ETF in the 3rd quarter valued at about $30,000. Flagship Harbor Advisors LLC lifted its holdings in Fidelity Yield Enhanced Equity ETF by 22.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 11,255 shares of the company’s stock valued at $334,000 after purchasing an additional 2,066 shares in the last quarter. Lighthouse Financial LLC purchased a new position in Fidelity Yield Enhanced Equity ETF in the 3rd quarter valued at about $379,000. Finally, Sentinel Advisory Group LLC boosted its stake in shares of Fidelity Yield Enhanced Equity ETF by 2.3% during the 3rd quarter. Sentinel Advisory Group LLC now owns 214,373 shares of the company’s stock worth $6,365,000 after purchasing an additional 4,868 shares during the last quarter.

Fidelity Yield Enhanced Equity ETF Stock Performance

Fidelity Yield Enhanced Equity ETF stock opened at $29.51 on Monday. The stock has a fifty day moving average of $30.02 and a two-hundred day moving average of $29.21. The company has a market capitalization of $14.76 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a fifty-two week low of $26.29 and a fifty-two week high of $30.52.

About Fidelity Yield Enhanced Equity ETF

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.