Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Unusually-High Trading Volume – What’s Next?

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw unusually-high trading volume on Friday . Approximately 75,245 shares traded hands during trading, a decline of 5% from the previous session’s volume of 79,349 shares.The stock last traded at $49.13 and had previously closed at $49.19.

Fidelity High Yield Factor ETF Trading Down 0.0%

The business has a 50-day moving average price of $49.03 and a two-hundred day moving average price of $49.24.

Institutional Trading of Fidelity High Yield Factor ETF

A number of hedge funds have recently modified their holdings of the business. Nalls Sherbakoff Group LLC bought a new position in shares of Fidelity High Yield Factor ETF in the fourth quarter worth about $25,000. Arax Advisory Partners bought a new position in Fidelity High Yield Factor ETF during the fourth quarter valued at about $37,000. NewEdge Advisors LLC increased its stake in Fidelity High Yield Factor ETF by 69.1% during the third quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after acquiring an additional 425 shares during the period. CIBC Private Wealth Group LLC bought a new position in Fidelity High Yield Factor ETF during the third quarter valued at about $121,000. Finally, IFP Advisors Inc increased its stake in Fidelity High Yield Factor ETF by 747.4% during the fourth quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock valued at $145,000 after acquiring an additional 2,586 shares during the period.

Fidelity High Yield Factor ETF Company Profile

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.