Fidelity Yield Enhanced Equity ETF (BATS:FYEE – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 38,949 shares, a drop of 53.5% from the July 15th total of 83,823 shares. Based on an average daily trading volume, of 66,862 shares, the short-interest ratio is currently 0.6 days. Approximately 7.8% of the company’s stock are sold short.
Fidelity Yield Enhanced Equity ETF Stock Performance
BATS:FYEE opened at $30.30 on Friday. The stock has a 50-day simple moving average of $29.33 and a 200-day simple moving average of $28.91. The stock has a market cap of $15.15 million, a P/E ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a 1 year low of $26.29 and a 1 year high of $30.41.
Hedge Funds Weigh In On Fidelity Yield Enhanced Equity ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in Fidelity Yield Enhanced Equity ETF by 687.0% in the fourth 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 last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Fidelity Yield Enhanced Equity ETF during the fourth quarter worth about $6,721,000. Sentinel Advisory Group LLC acquired a new stake in shares of Fidelity Yield Enhanced Equity ETF during the first quarter worth about $5,001,000. Bleakley Financial Group LLC acquired a new stake in shares of Fidelity Yield Enhanced Equity ETF during the fourth quarter worth about $5,128,000. Finally, TBH Global Asset Management LLC grew its position in shares of Fidelity Yield Enhanced Equity ETF by 192.4% during the fourth quarter. TBH Global Asset Management LLC now owns 220,339 shares of the company’s stock worth $6,319,000 after acquiring an additional 144,990 shares during the last quarter.
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.
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