Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 2,011 shares, a decline of 69.1% from the September 15th total of 6,516 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 106,583 shares, the days-to-cover ratio is currently 0.0 days.
Fidelity High Yield Factor ETF Stock Performance
FDHY opened at $47.82 on Wednesday. The company’s fifty day moving average price is $48.58 and its two-hundred day moving average price is $48.90. Fidelity High Yield Factor ETF has a 1-year low of $47.15 and a 1-year high of $49.70.
Institutional Investors Weigh In On Fidelity High Yield Factor ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Investors Research Corp acquired a new stake in shares of Fidelity High Yield Factor ETF in the 2nd quarter worth about $10,597,000. Strengthening Families & Communities LLC acquired a new position in Fidelity High Yield Factor ETF during the 2nd quarter valued at about $7,812,000. Moody National Bank Trust Division acquired a new position in Fidelity High Yield Factor ETF during the 3rd quarter valued at about $6,413,000. Geneva Partners LLC bought a new stake in Fidelity High Yield Factor ETF during the 1st quarter worth approximately $3,402,000. Finally, Evergreen Private Wealth LLC increased its holdings in Fidelity High Yield Factor ETF by 2.5% during the 1st quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock worth $2,643,000 after purchasing an additional 1,348 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.
See Also
- Five stocks we like better than Fidelity High Yield Factor ETF
- Tax Credit Turmoil: Why Enphase and SolarEdge Face a Tough Road
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
Receive News & Ratings for Fidelity High Yield Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity High Yield Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
