Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Up 110.5% in June

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 22,720 shares, a growth of 110.5% from the May 31st total of 10,795 shares. Based on an average daily volume of 69,265 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in shares of Fidelity High Yield Factor ETF by 382.5% during the first quarter. Cetera Investment Advisers now owns 26,465 shares of the company’s stock worth $1,285,000 after acquiring an additional 20,980 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Fidelity High Yield Factor ETF by 2.2% in the 1st quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after purchasing an additional 457 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 9.5% in the 1st quarter. Kestra Advisory Services LLC now owns 45,522 shares of the company’s stock valued at $2,222,000 after purchasing an additional 3,934 shares in the last quarter. Geneva Partners LLC bought a new position in shares of Fidelity High Yield Factor ETF during the 1st quarter valued at $3,402,000. Finally, Evergreen Private Wealth LLC grew its holdings in shares of Fidelity High Yield Factor ETF by 2.5% during the 1st quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock valued at $2,643,000 after purchasing an additional 1,348 shares during the last quarter.

Fidelity High Yield Factor ETF Trading Down 0.1%

Shares of Fidelity High Yield Factor ETF stock opened at $48.99 on Thursday. Fidelity High Yield Factor ETF has a 12 month low of $48.00 and a 12 month high of $49.71. The business’s 50-day moving average price is $49.16 and its 200-day moving average price is $49.22.

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.