Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Shares Shorted: Short Interest Down 78.7% in October

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 309 shares, a decline of 78.7% from the October 15th total of 1,451 shares. Based on an average trading volume of 130,145 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity High Yield Factor ETF Price Performance

NYSEARCA FDHY traded down $0.05 on Thursday, reaching $47.75. The company’s stock had a trading volume of 11,969 shares, compared to its average volume of 85,325. Fidelity High Yield Factor ETF has a twelve month low of $47.15 and a twelve month high of $49.70. The firm’s 50 day moving average is $48.02 and its two-hundred day moving average is $48.85.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Hedge funds have recently made changes to their positions in the business. Investors Research Corp bought a new stake in shares of Fidelity High Yield Factor ETF in the 2nd quarter worth approximately $10,597,000. BG Investment Services LLC boosted its holdings in Fidelity High Yield Factor ETF by 41.4% during the third quarter. BG Investment Services LLC now owns 161,941 shares of the company’s stock worth $7,690,000 after buying an additional 47,410 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in Fidelity High Yield Factor ETF during the second quarter worth approximately $7,812,000. Geneva Partners LLC boosted its holdings in Fidelity High Yield Factor ETF by 16.7% during the third quarter. Geneva Partners LLC now owns 147,412 shares of the company’s stock worth $7,002,000 after buying an additional 21,073 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in Fidelity High Yield Factor ETF in the third quarter worth approximately $6,413,000.

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.