Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Decreases By 74.8%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 10,795 shares, a decline of 74.8% from the May 14th total of 42,769 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 82,219 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings 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 buying an additional 74,936 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Fidelity High Yield Factor ETF by 10.7% in the 4th quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock worth $22,427,000 after buying an additional 43,498 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Fidelity High Yield Factor ETF by 21.9% in the 4th quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after buying an additional 33,937 shares in the last quarter. Flavin Financial Services Inc. lifted its holdings in Fidelity High Yield Factor ETF by 9.0% in the 4th quarter. Flavin Financial Services Inc. now owns 110,418 shares of the company’s stock worth $5,447,000 after buying an additional 9,109 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in Fidelity High Yield Factor ETF by 2.7% in the 4th quarter. Moody National Bank Trust Division now owns 108,413 shares of the company’s stock worth $5,348,000 after buying an additional 2,857 shares in the last quarter.

Fidelity High Yield Factor ETF Stock Performance

Fidelity High Yield Factor ETF stock traded up $0.17 during midday trading on Thursday, hitting $49.09. 83,574 shares of the company were exchanged, compared to its average volume of 80,142. The company’s fifty day moving average price is $49.14 and its 200-day moving average price is $49.23. Fidelity High Yield Factor ETF has a fifty-two week low of $48.00 and a fifty-two week high of $49.71.

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.