Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Increases By 180.6%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 42,769 shares, an increase of 180.6% from the April 30th total of 15,242 shares. Based on an average trading volume of 90,675 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FDHY. LPL Financial LLC boosted its holdings in shares of Fidelity High Yield Factor ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock valued at $24,824,000 after acquiring an additional 74,936 shares during the period. Geneva Partners LLC acquired a new stake in Fidelity High Yield Factor ETF in the first quarter worth about $3,402,000. Financial Management Professionals Inc. lifted its holdings in Fidelity High Yield Factor ETF by 10.7% in the fourth quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock worth $22,427,000 after purchasing an additional 43,498 shares during the period. Wise Wealth Partners acquired a new stake in Fidelity High Yield Factor ETF in the fourth quarter worth about $1,801,000. Finally, Advisory Services Network LLC lifted its holdings in Fidelity High Yield Factor ETF by 21.9% in the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after purchasing an additional 33,937 shares during the period.

Fidelity High Yield Factor ETF Price Performance

Shares of FDHY opened at $49.15 on Monday. Fidelity High Yield Factor ETF has a 1 year low of $47.98 and a 1 year high of $49.71. The firm has a fifty day moving average of $49.05 and a 200-day moving average of $49.23.

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.