Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Down 64.3% in August

by · The Cerbat Gem

Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 19,007 shares, a drop of 64.3% from the July 30th total of 53,302 shares. Based on an average trading volume of 66,632 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Fidelity High Yield Factor ETF

A number of hedge funds have recently made changes to their positions in FDHY. Nalls Sherbakoff Group LLC purchased a new stake in shares of Fidelity High Yield Factor ETF in the 4th quarter worth approximately $25,000. Solstein Capital LLC purchased a new position in Fidelity High Yield Factor ETF during the second quarter valued at $25,000. Arax Advisory Partners purchased a new position in Fidelity High Yield Factor ETF during the fourth quarter valued at $37,000. NewEdge Advisors LLC boosted its holdings in Fidelity High Yield Factor ETF by 69.1% in the third quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after acquiring an additional 425 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in Fidelity High Yield Factor ETF in the third quarter worth $121,000.

Fidelity High Yield Factor ETF Trading Down 0.7%

NYSEARCA:FDHY traded down $0.34 during mid-day trading on Friday, hitting $48.94. 166,724 shares of the company’s stock were exchanged, compared to its average volume of 80,824. Fidelity High Yield Factor ETF has a one year low of $48.00 and a one year high of $49.71. The business has a fifty day moving average price of $49.07 and a 200 day moving average price of $49.11.

Fidelity High Yield Factor ETF Company Profile

(Get Free Report)

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.

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