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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 15,242 shares, a growth of 602.7% from the April 15th total of 2,169 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 66,045 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity High Yield Factor ETF Stock Performance

Shares of Fidelity High Yield Factor ETF stock traded down $0.13 on Tuesday, reaching $49.10. 42,077 shares of the stock were exchanged, compared to its average volume of 80,741. The firm’s 50 day moving average is $49.02 and its 200-day moving average is $49.24. Fidelity High Yield Factor ETF has a one year low of $47.98 and a one year high of $49.71.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDHY. Nalls Sherbakoff Group LLC acquired a new stake in Fidelity High Yield Factor ETF in the fourth quarter valued at approximately $25,000. Arax Advisory Partners bought a new position in shares of Fidelity High Yield Factor ETF in the 4th quarter valued at $37,000. NewEdge Advisors LLC boosted its holdings in shares of Fidelity High Yield Factor ETF by 69.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after acquiring an additional 425 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the 3rd quarter valued at $121,000. Finally, IFP Advisors Inc grew its position in Fidelity High Yield Factor ETF by 747.4% during the 4th quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock worth $145,000 after acquiring an additional 2,586 shares during the last quarter.

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.