Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Significant Decrease in Short Interest

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,011 shares, a decline of 69.1% from the September 15th total of 6,516 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 106,583 shares, the short-interest ratio is presently 0.0 days.

Fidelity High Yield Factor ETF Price Performance

NYSEARCA FDHY traded up $0.05 on Tuesday, reaching $47.82. The company’s stock had a trading volume of 50,718 shares, compared to its average volume of 83,262. Fidelity High Yield Factor ETF has a twelve month low of $47.15 and a twelve month high of $49.70. The firm’s 50 day moving average is $48.58 and its two-hundred day moving average is $48.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Investors Research Corp acquired a new stake in shares of Fidelity High Yield Factor ETF in the second quarter worth $10,597,000. Strengthening Families & Communities LLC purchased a new position in shares of Fidelity High Yield Factor ETF during the 2nd quarter valued at $7,812,000. Moody National Bank Trust Division purchased a new position in shares of Fidelity High Yield Factor ETF during the 3rd quarter valued at $6,413,000. Geneva Partners LLC acquired a new position in shares of Fidelity High Yield Factor ETF in the first quarter worth $3,402,000. Finally, Evergreen Private Wealth LLC increased its stake in shares of 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 worth $2,643,000 after acquiring an additional 1,348 shares during the last quarter.

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.