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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 19,007 shares, a decrease of 64.3% from the July 30th total of 53,302 shares. Based on an average daily volume of 66,632 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Fidelity High Yield Factor ETF Stock Down 0.7%

FDHY stock traded down $0.34 during mid-day trading on Friday, reaching $48.94. The company had a trading volume of 166,724 shares, compared to its average volume of 80,824. The stock has a 50 day simple moving average of $49.07 and a two-hundred day simple moving average of $49.11. Fidelity High Yield Factor ETF has a 52 week low of $48.00 and a 52 week high of $49.71.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nalls Sherbakoff Group LLC bought a new stake in Fidelity High Yield Factor ETF during the fourth quarter worth $25,000. Solstein Capital LLC bought a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter valued at about $25,000. Arax Advisory Partners bought a new position in shares of Fidelity High Yield Factor ETF in the 4th quarter valued at about $37,000. NewEdge Advisors LLC increased its stake 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 worth $51,000 after purchasing an additional 425 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Fidelity High Yield Factor ETF during the 3rd quarter worth about $121,000.

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.