Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Increases By 147.5%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 31,069 shares, a growth of 147.5% from the February 12th total of 12,555 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,607 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 72,607 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Fidelity High Yield Factor ETF Stock Down 0.2%

NYSEARCA FDHY opened at $48.48 on Friday. Fidelity High Yield Factor ETF has a 1-year low of $45.41 and a 1-year high of $49.71. The company has a 50 day moving average of $49.42 and a 200-day moving average of $49.32.

Fidelity High Yield Factor ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a $0.27 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Thursday, February 26th. This is a positive change from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDHY. Nalls Sherbakoff Group LLC acquired a new stake in shares of Fidelity High Yield Factor ETF in the fourth quarter valued at $25,000. Arax Advisory Partners acquired a new stake in shares of Fidelity High Yield Factor ETF in the fourth quarter valued at approximately $37,000. NewEdge Advisors LLC raised its position in Fidelity High Yield Factor ETF by 69.1% in 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. CIBC Private Wealth Group LLC bought a new position in Fidelity High Yield Factor ETF in the 3rd quarter worth approximately $121,000. Finally, IFP Advisors Inc lifted its holdings 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 buying an additional 2,586 shares in the last quarter.

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.