Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Down 57.9% in January

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 19,788 shares, a decrease of 57.9% from the January 15th total of 46,959 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 89,411 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 89,411 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of Fidelity High Yield Factor ETF

Large investors have recently made changes to their positions in the company. Financial Management Professionals Inc. raised its holdings in Fidelity High Yield Factor ETF by 40,534.2% in 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 during the last quarter. LPL Financial LLC raised its stake 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 last quarter. Merit Financial Group LLC acquired a new position in shares of Fidelity High Yield Factor ETF during the third quarter worth $2,761,000. Wise Wealth Partners bought a new stake in shares of Fidelity High Yield Factor ETF in the fourth quarter worth $1,801,000. Finally, Axxcess Wealth Management LLC grew its stake in shares of Fidelity High Yield Factor ETF by 97.2% in the second quarter. Axxcess Wealth Management LLC now owns 71,255 shares of the company’s stock worth $3,481,000 after purchasing an additional 35,120 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Up 0.2%

Shares of NYSEARCA FDHY traded up $0.10 during mid-day trading on Friday, reaching $49.68. The company had a trading volume of 58,823 shares, compared to its average volume of 83,184. The business’s 50-day simple moving average is $49.45 and its 200 day simple moving average is $49.27. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a $0.236 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Thursday, January 29th.

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.