Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Up 158.9% in December

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 51,290 shares, an increase of 158.9% from the December 15th total of 19,808 shares. Based on an average daily trading volume, of 69,607 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,607 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Fidelity High Yield Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of FDHY. Merit Financial Group LLC purchased a new position in Fidelity High Yield Factor ETF during the third quarter worth about $2,761,000. Axxcess Wealth Management LLC grew its stake in Fidelity High Yield Factor ETF by 97.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 71,255 shares of the company’s stock worth $3,481,000 after buying an additional 35,120 shares in the last quarter. OmniStar Financial Group Inc. increased its holdings in shares of Fidelity High Yield Factor ETF by 20.1% in the 2nd quarter. OmniStar Financial Group Inc. now owns 50,751 shares of the company’s stock worth $2,479,000 after buying an additional 8,511 shares during the last quarter. CWM LLC purchased a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter valued at $209,000. Finally, Flavin Financial Services Inc. lifted its holdings in shares of Fidelity High Yield Factor ETF by 1.6% during the 2nd quarter. Flavin Financial Services Inc. now owns 78,729 shares of the company’s stock worth $3,846,000 after acquiring an additional 1,225 shares during the last quarter.

Fidelity High Yield Factor ETF Price Performance

Shares of NYSEARCA FDHY opened at $49.52 on Friday. The stock has a 50-day moving average price of $49.29 and a two-hundred day moving average price of $49.18. Fidelity High Yield Factor ETF has a 12 month low of $45.41 and a 12 month high of $49.71.

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.