Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Expands By 110.5%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 22,720 shares, an increase of 110.5% from the May 31st total of 10,795 shares. Based on an average daily volume of 69,265 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Fidelity High Yield Factor ETF Stock Performance

Shares of FDHY stock traded down $0.04 on Wednesday, reaching $48.99. 105,688 shares of the company’s stock traded hands, compared to its average volume of 80,014. Fidelity High Yield Factor ETF has a 12-month low of $48.00 and a 12-month high of $49.71. The business’s 50 day moving average price is $49.17 and its two-hundred day moving average price is $49.22.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Large investors have recently made changes to their positions in the business. Flavin Financial Services Inc. boosted its holdings in shares of Fidelity High Yield Factor ETF by 28.7% during the third quarter. Flavin Financial Services Inc. now owns 101,309 shares of the company’s stock worth $4,995,000 after purchasing an additional 22,580 shares during the period. Wise Wealth Partners purchased a new stake in Fidelity High Yield Factor ETF in the 4th quarter worth approximately $1,801,000. Financial Management Professionals Inc. lifted its position in 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 buying an additional 43,498 shares in the last quarter. BG Investment Services LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 35.3% during the 4th quarter. BG Investment Services LLC now owns 77,994 shares of the company’s stock valued at $3,847,000 after buying an additional 20,330 shares during the period. Finally, Evergreen Private Wealth LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 6.3% during the 4th quarter. Evergreen Private Wealth LLC now owns 53,103 shares of the company’s stock valued at $2,620,000 after buying an additional 3,145 shares during the period.

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.