Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Shares Shorted: Short Interest Down 78.7% in October

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 309 shares, a drop of 78.7% from the October 15th total of 1,451 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 130,145 shares, the short-interest ratio is currently 0.0 days.

Fidelity High Yield Factor ETF Price Performance

Shares of NYSEARCA FDHY traded down $0.05 during mid-day trading on Thursday, reaching $47.75. 11,969 shares of the company traded hands, compared to its average volume of 85,325. Fidelity High Yield Factor ETF has a fifty-two week low of $47.15 and a fifty-two week high of $49.70. The stock has a fifty day simple moving average of $48.02 and a 200-day simple moving average of $48.85.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new position in shares of Fidelity High Yield Factor ETF during the 3rd quarter valued at $570,000. Harbour Investments Inc. bought a new stake in shares of Fidelity High Yield Factor ETF in the 3rd quarter worth $96,000. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity High Yield Factor ETF in the third quarter valued at $3,320,000. Kuhn & Co Investment Counsel acquired a new stake in shares of Fidelity High Yield Factor ETF in the third quarter valued at $384,000. Finally, Geneva Partners LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 16.7% in the third quarter. Geneva Partners LLC now owns 147,412 shares of the company’s stock valued at $7,002,000 after buying an additional 21,073 shares during the period.

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.