Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Decreases By 37.9%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 39,200 shares, a decrease of 37.9% from the August 31st total of 63,100 shares. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 0.8 days.

Fidelity High Yield Factor ETF Trading Up 0.0%

Shares of Fidelity High Yield Factor ETF stock opened at $49.29 on Friday. Fidelity High Yield Factor ETF has a twelve month low of $45.41 and a twelve month high of $49.71. The company has a 50-day simple moving average of $49.18 and a two-hundred day simple moving average of $48.50.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

Several institutional investors have recently made changes to their positions in FDHY. Cullen Frost Bankers Inc. acquired a new stake in Fidelity High Yield Factor ETF during the first quarter worth approximately $32,000. Golden State Wealth Management LLC raised its holdings in Fidelity High Yield Factor ETF by 101.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $61,000 after acquiring an additional 644 shares in the last quarter. CWM LLC bought a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter valued at $209,000. Fifth Third Securities Inc. acquired a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth $272,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Fidelity High Yield Factor ETF by 13.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,875 shares of the company’s stock worth $287,000 after purchasing an additional 677 shares in 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.