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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target 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 shares are short sold. Based on an average daily volume of 82,219 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FDHY. Jane Street Group LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 187.7% during the 1st quarter. Jane Street Group LLC now owns 14,900 shares of the company’s stock valued at $716,000 after acquiring an additional 9,721 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Fidelity High Yield Factor ETF by 13.2% during the 2nd quarter. Raymond James Financial Inc. now owns 68,787 shares of the company’s stock valued at $3,360,000 after acquiring an additional 8,009 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity High Yield Factor ETF by 11.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,154 shares of the company’s stock valued at $402,000 after acquiring an additional 869 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Fidelity High Yield Factor ETF by 6.8% during the 3rd quarter. Cibc World Market Inc. now owns 11,465 shares of the company’s stock valued at $565,000 after acquiring an additional 725 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Fidelity High Yield Factor ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,263 shares of the company’s stock valued at $1,886,000 after acquiring an additional 752 shares in the last quarter.

Fidelity High Yield Factor ETF Stock Performance

Shares of NYSEARCA FDHY traded up $0.17 during midday trading on Thursday, hitting $49.09. The stock had a trading volume of 83,574 shares, compared to its average volume of 80,142. Fidelity High Yield Factor ETF has a 1-year low of $48.00 and a 1-year high of $49.71. The company has a fifty day moving average price of $49.14 and a 200 day moving average price of $49.23.

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.