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

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

Fidelity High Yield Factor ETF Trading Up 0.1%

NYSEARCA:FDHY traded up $0.07 during mid-day trading on Friday, hitting $49.15. The company had a trading volume of 103,778 shares, compared to its average volume of 81,018. Fidelity High Yield Factor ETF has a fifty-two week low of $47.98 and a fifty-two week high of $49.71. The business’s fifty day moving average is $49.05 and its two-hundred day moving average is $49.23.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its stake in Fidelity High Yield Factor ETF by 382.5% in the first quarter. Cetera Investment Advisers now owns 26,465 shares of the company’s stock valued at $1,285,000 after buying an additional 20,980 shares during the period. Sigma Planning Corp lifted its stake in Fidelity High Yield Factor ETF by 2.2% in the first quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after buying an additional 457 shares during the period. Kestra Advisory Services LLC lifted its stake in Fidelity High Yield Factor ETF by 9.5% in the first quarter. Kestra Advisory Services LLC now owns 45,522 shares of the company’s stock valued at $2,222,000 after buying an additional 3,934 shares during the period. Geneva Partners LLC acquired a new position in Fidelity High Yield Factor ETF in the first quarter valued at about $3,402,000. Finally, Evergreen Private Wealth LLC lifted its stake in Fidelity High Yield Factor ETF by 2.5% in the first quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock valued at $2,643,000 after buying an additional 1,348 shares during the period.

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.