Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Sees Large Increase in Short Interest

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 83,823 shares, an increase of 84.4% from the June 30th total of 45,469 shares. Based on an average daily trading volume, of 63,456 shares, the short-interest ratio is currently 1.3 days. Approximately 16.8% of the company’s shares are sold short.

Fidelity Yield Enhanced Equity ETF Price Performance

Shares of FYEE opened at $28.95 on Thursday. The company has a 50-day simple moving average of $29.24 and a two-hundred day simple moving average of $28.81. The firm has a market capitalization of $14.47 million, a PE ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a one year low of $26.28 and a one year high of $30.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Fidelity Yield Enhanced Equity ETF during the fourth quarter valued at approximately $2,652,000. Resolute Capital LLC purchased a new stake in Fidelity Yield Enhanced Equity ETF in the fourth quarter worth $1,118,000. Kraematon Investment Advisors Inc. bought a new position in Fidelity Yield Enhanced Equity ETF in the fourth quarter worth $885,000. Kestra Private Wealth Services LLC bought a new position in Fidelity Yield Enhanced Equity ETF in the fourth quarter worth $1,087,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Fidelity Yield Enhanced Equity ETF during the fourth quarter valued at $6,721,000.

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.