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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 12,555 shares, a decrease of 36.6% from the January 29th total of 19,788 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 79,001 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 79,001 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of Fidelity High Yield Factor ETF by 187.7% in the first quarter. Jane Street Group LLC now owns 14,900 shares of the company’s stock worth $716,000 after buying an additional 9,721 shares during the last quarter. Great Lakes Retirement Inc. increased its position in Fidelity High Yield Factor ETF by 11.4% in the second quarter. Great Lakes Retirement Inc. now owns 25,621 shares of the company’s stock worth $1,259,000 after buying an additional 2,616 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Fidelity High Yield Factor ETF by 148.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,593 shares of the company’s stock valued at $78,000 after buying an additional 953 shares in the last quarter. OmniStar Financial Group Inc. grew its stake in shares of Fidelity High Yield Factor ETF by 20.1% during the 2nd quarter. OmniStar Financial Group Inc. now owns 50,751 shares of the company’s stock valued at $2,479,000 after acquiring an additional 8,511 shares during the period. Finally, Planwiser Financial LLC purchased a new stake in Fidelity High Yield Factor ETF in the 2nd quarter worth approximately $978,000.

Fidelity High Yield Factor ETF Trading Down 0.2%

Shares of NYSEARCA FDHY traded down $0.08 during mid-day trading on Friday, hitting $49.29. 80,807 shares of the stock traded hands, compared to its average volume of 80,731. Fidelity High Yield Factor ETF has a 52 week low of $45.41 and a 52 week high of $49.71. The stock has a fifty day moving average price of $49.50 and a 200-day moving average price of $49.32.

Fidelity High Yield Factor ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be given a dividend of $0.27 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. This is a boost from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Thursday, February 26th.

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.