Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Down 98.1% in March

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 588 shares, a decrease of 98.1% from the February 26th total of 31,069 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,963 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 80,963 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Fidelity High Yield Factor ETF

Several hedge funds have recently added to or reduced their stakes in FDHY. Foronjy Financial LLC grew its stake in shares of Fidelity High Yield Factor ETF by 4.6% during the fourth quarter. Foronjy Financial LLC now owns 8,736 shares of the company’s stock valued at $431,000 after buying an additional 381 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Fidelity High Yield Factor ETF by 3.5% in the 4th quarter. Cibc World Market Inc. now owns 11,870 shares of the company’s stock valued at $586,000 after acquiring an additional 405 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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 valued at $51,000 after acquiring an additional 425 shares during the period. Cetera Investment Advisers lifted its position in Fidelity High Yield Factor ETF by 9.8% in the fourth quarter. Cetera Investment Advisers now owns 5,485 shares of the company’s stock valued at $271,000 after purchasing an additional 489 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of Fidelity High Yield Factor ETF during the fourth quarter valued at approximately $25,000.

Fidelity High Yield Factor ETF Stock Up 0.2%

NYSEARCA FDHY traded up $0.09 on Wednesday, reaching $48.73. 78,219 shares of the company’s stock traded hands, compared to its average volume of 77,567. Fidelity High Yield Factor ETF has a 12 month low of $45.41 and a 12 month high of $49.71. The stock has a 50-day simple moving average of $49.31 and a 200 day simple moving average of $49.30.

Fidelity High Yield Factor ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 6.6%. This is an increase from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24.

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.