Short Interest in Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Grows By 913.0%

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 317,749 shares, a growth of 913.0% from the August 15th total of 31,368 shares. Currently, 63.5% of the shares of the stock are short sold. Based on an average trading volume of 131,883 shares, the days-to-cover ratio is currently 2.4 days.

Fidelity Yield Enhanced Equity ETF Trading Down 0.7%

Shares of Fidelity Yield Enhanced Equity ETF stock traded down $0.20 on Thursday, reaching $29.98. 163,591 shares of the company were exchanged, compared to its average volume of 79,491. The stock has a fifty day moving average price of $29.77 and a 200-day moving average price of $29.06. The firm has a market capitalization of $14.99 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a fifty-two week low of $26.29 and a fifty-two week high of $30.52.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its stake in Fidelity Yield Enhanced Equity ETF by 696.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock valued at $66,000 after buying an additional 2,000 shares in the last quarter. IFP Advisors Inc increased its position in shares of Fidelity Yield Enhanced Equity ETF by 165.9% in the second quarter. IFP Advisors Inc now owns 4,521 shares of the company’s stock worth $131,000 after acquiring an additional 2,821 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Fidelity Yield Enhanced Equity ETF in the fourth quarter worth approximately $147,000. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Yield Enhanced Equity ETF in the fourth quarter worth approximately $160,000. Finally, RFG Advisory LLC acquired a new stake in shares of Fidelity Yield Enhanced Equity ETF during the second quarter valued at approximately $215,000.

Fidelity Yield Enhanced Equity ETF Company Profile

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.