Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Rises By 180.6%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 42,769 shares, an increase of 180.6% from the April 30th total of 15,242 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 90,675 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC bought a new position in Fidelity High Yield Factor ETF in the fourth quarter valued at about $25,000. Arax Advisory Partners bought a new position in Fidelity High Yield Factor ETF in the fourth quarter valued at about $37,000. NewEdge Advisors LLC boosted its holdings in Fidelity High Yield Factor ETF by 69.1% in the third quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after acquiring an additional 425 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Fidelity High Yield Factor ETF in the third quarter valued at about $121,000. Finally, IFP Advisors Inc boosted its holdings in Fidelity High Yield Factor ETF by 747.4% in the fourth quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock valued at $145,000 after acquiring an additional 2,586 shares during the last quarter.

Fidelity High Yield Factor ETF Price Performance

Fidelity High Yield Factor ETF stock traded up $0.07 during mid-day trading on Friday, hitting $49.15. The stock had a trading volume of 103,778 shares, compared to its average volume of 81,018. The stock has a 50-day simple moving average of $49.05 and a two-hundred day simple moving average of $49.23. Fidelity High Yield Factor ETF has a 12 month low of $47.98 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.