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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw unusually-strong trading volume on Thursday . 55,905 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 79,820 shares.The stock last traded at $49.06 and had previously closed at $48.99.

Fidelity High Yield Factor ETF Trading Up 0.2%

The business’s fifty day moving average price is $49.16 and its 200 day moving average price is $49.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nalls Sherbakoff Group LLC acquired a new stake in Fidelity High Yield Factor ETF during the fourth quarter valued at approximately $25,000. Arax Advisory Partners bought a new position in shares of Fidelity High Yield Factor ETF during the 4th quarter worth approximately $37,000. NewEdge Advisors LLC lifted its position in shares of Fidelity High Yield Factor ETF by 69.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after buying an additional 425 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Fidelity High Yield Factor ETF in the 3rd quarter valued at $121,000. Finally, IFP Advisors Inc boosted its stake in Fidelity High Yield Factor ETF by 747.4% in the 4th quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock valued at $145,000 after buying an additional 2,586 shares in the last quarter.

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.