Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Declines By 45.2%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 12,455 shares, a decrease of 45.2% from the June 15th total of 22,720 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 79,134 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of Fidelity High Yield Factor ETF by 17.5% in the 4th quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock worth $24,824,000 after purchasing an additional 74,936 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Fidelity High Yield Factor ETF by 10.7% in the 4th quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock worth $22,427,000 after purchasing an additional 43,498 shares during the period. Advisory Services Network LLC raised its position in Fidelity High Yield Factor ETF by 21.9% in the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after acquiring an additional 33,937 shares during the period. Moody National Bank Trust Division raised its holdings in Fidelity High Yield Factor ETF by 1.8% in the 2nd quarter. Moody National Bank Trust Division now owns 118,644 shares of the company’s stock worth $5,817,000 after purchasing an additional 2,112 shares during the period. Finally, Flavin Financial Services Inc. grew its stake in shares of Fidelity High Yield Factor ETF by 9.0% during the 4th quarter. Flavin Financial Services Inc. now owns 110,418 shares of the company’s stock valued at $5,447,000 after acquiring an additional 9,109 shares during the period.

Fidelity High Yield Factor ETF Trading Down 0.1%

NYSEARCA FDHY traded down $0.05 during trading hours on Friday, reaching $49.09. 48,294 shares of the company’s stock traded hands, compared to its average volume of 81,537. The firm has a 50-day simple moving average of $49.11 and a 200 day simple moving average of $49.20. Fidelity High Yield Factor ETF has a 52-week low of $48.00 and a 52-week high of $49.71.

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.