Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Decreases By 98.1%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 588 shares, a decline of 98.1% from the February 26th total of 31,069 shares. Based on an average trading volume of 80,963 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 80,963 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. lifted its holdings in Fidelity High Yield Factor ETF by 40,534.2% during the 3rd quarter. Financial Management Professionals Inc. now owns 408,374 shares of the company’s stock valued at $20,235,000 after buying an additional 407,369 shares in the last quarter. LPL Financial LLC grew its stake in Fidelity High Yield Factor ETF by 17.5% in the 4th quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock worth $24,824,000 after acquiring an additional 74,936 shares in the last quarter. Merit Financial Group LLC bought a new position in Fidelity High Yield Factor ETF in the 3rd quarter worth about $2,761,000. Wise Wealth Partners purchased a new position in shares of Fidelity High Yield Factor ETF during the fourth quarter worth approximately $1,801,000. Finally, Advisory Services Network LLC increased its position in shares of Fidelity High Yield Factor ETF by 21.9% during the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after acquiring an additional 33,937 shares during the period.

Fidelity High Yield Factor ETF Stock Performance

Fidelity High Yield Factor ETF stock traded down $0.01 during mid-day trading on Tuesday, hitting $48.64. The company’s stock had a trading volume of 89,105 shares, compared to its average volume of 77,579. The company has a 50 day moving average of $49.31 and a 200-day moving average of $49.30. Fidelity High Yield Factor ETF has a one year low of $45.41 and a one year high of $49.71.

Fidelity High Yield Factor ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.27 per share. This is an increase from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, February 26th.

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.