Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Sees Large Increase in Short Interest

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 83,823 shares, an increase of 84.4% from the June 30th total of 45,469 shares. Based on an average daily volume of 63,456 shares, the short-interest ratio is presently 1.3 days. Approximately 16.8% of the company’s shares are sold short.

Fidelity Yield Enhanced Equity ETF Price Performance

FYEE opened at $28.95 on Thursday. The business has a 50 day simple moving average of $29.24 and a two-hundred day simple moving average of $28.81. The firm has a market capitalization of $14.47 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a one year low of $26.28 and a one year high of $30.14.

Hedge Funds Weigh In On Fidelity Yield Enhanced Equity ETF

Hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its stake in Fidelity Yield Enhanced Equity ETF by 696.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock worth $66,000 after acquiring an additional 2,000 shares during the period. Royal Bank of Canada bought a new stake in Fidelity Yield Enhanced Equity ETF in the fourth quarter valued at $147,000. Kestra Advisory Services LLC purchased a new position in Fidelity Yield Enhanced Equity ETF during the 4th quarter valued at $160,000. LPL Financial LLC purchased a new position in Fidelity Yield Enhanced Equity ETF during the 4th quarter valued at $322,000. Finally, PFG Investments LLC purchased a new position in Fidelity Yield Enhanced Equity ETF during the 1st quarter valued at $334,000.

Fidelity Yield Enhanced Equity ETF Company Profile

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