Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Large Volume Increase – Here’s Why

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw unusually-high trading volume on Monday. Approximately 584,050 shares traded hands during trading, an increase of 584% from the previous session’s volume of 85,446 shares. The stock last traded at $47.60 and had previously closed at $47.61.

Fidelity High Yield Factor ETF Stock Performance

The stock has a fifty day simple moving average of $48.50 and a 200-day simple moving average of $48.89.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

Several large investors have recently made changes to their positions in FDHY. Kestra Private Wealth Services LLC increased its position in shares of Fidelity High Yield Factor ETF by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 10,759 shares of the company’s stock worth $522,000 after purchasing an additional 263 shares in the last quarter. Sigma Planning Corp boosted its position in Fidelity High Yield Factor ETF by 2.2% in the first quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after buying an additional 457 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in Fidelity High Yield Factor ETF during the fourth quarter worth about $25,000. Solstein Capital LLC bought a new stake in Fidelity High Yield Factor ETF during the second quarter worth about $25,000. Finally, NWF Advisory Services Inc. grew its stake in Fidelity High Yield Factor ETF by 11.3% during the fourth quarter. NWF Advisory Services Inc. now owns 8,278 shares of the company’s stock worth $408,000 after buying an additional 840 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.