Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Update

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 12,455 shares, a decline of 45.2% from the June 15th total of 22,720 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 79,134 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of Fidelity High Yield Factor ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock worth $24,824,000 after acquiring an additional 74,936 shares in the last quarter. Geneva Partners LLC acquired a new stake in shares of Fidelity High Yield Factor ETF in the first quarter valued at $3,402,000. Financial Management Professionals Inc. raised its stake in shares of Fidelity High Yield Factor ETF by 10.7% in the fourth quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock valued at $22,427,000 after acquiring an additional 43,498 shares in the last quarter. Wise Wealth Partners purchased a new position in Fidelity High Yield Factor ETF in the fourth quarter valued at $1,801,000. Finally, Advisory Services Network LLC boosted its holdings in Fidelity High Yield Factor ETF by 21.9% in the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock valued at $9,308,000 after purchasing an additional 33,937 shares during the period.

Fidelity High Yield Factor ETF Price Performance

Shares of FDHY opened at $49.09 on Wednesday. Fidelity High Yield Factor ETF has a 1 year low of $48.00 and a 1 year high of $49.71. The company’s 50-day simple moving average is $49.12 and its 200-day simple moving average is $49.21.

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.