Short Interest in Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Increases By 69.3%

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 62,915 shares, an increase of 69.3% from the April 30th total of 37,163 shares. Based on an average daily volume of 90,966 shares, the days-to-cover ratio is presently 0.7 days. Approximately 12.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Yield Enhanced Equity ETF by 687.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 430,111 shares of the company’s stock valued at $12,336,000 after acquiring an additional 375,458 shares during the period. Advisory Resource Group boosted its holdings in shares of Fidelity Yield Enhanced Equity ETF by 1.2% in the 4th quarter. Advisory Resource Group now owns 275,109 shares of the company’s stock valued at $7,890,000 after buying an additional 3,161 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Fidelity Yield Enhanced Equity ETF in the 4th quarter valued at about $6,721,000. TBH Global Asset Management LLC boosted its holdings in shares of Fidelity Yield Enhanced Equity ETF by 192.4% in the 4th quarter. TBH Global Asset Management LLC now owns 220,339 shares of the company’s stock valued at $6,319,000 after buying an additional 144,990 shares in the last quarter. Finally, Sentinel Advisory Group LLC bought a new stake in shares of Fidelity Yield Enhanced Equity ETF in the 1st quarter valued at about $5,001,000.

Fidelity Yield Enhanced Equity ETF Trading Up 0.1%

Shares of BATS:FYEE opened at $29.89 on Wednesday. Fidelity Yield Enhanced Equity ETF has a 12-month low of $25.49 and a 12-month high of $30.14. The business’s fifty day simple moving average is $28.46 and its 200-day simple moving average is $28.69. The company has a market capitalization of $14.95 million, a PE ratio of 24.14 and a beta of 1.00.

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.