Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Short Interest Down 35.6% in June

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 45,469 shares, a decline of 35.6% from the June 15th total of 70,647 shares. Currently, 9.1% of the company’s stock are short sold. Based on an average trading volume of 80,940 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

A number of hedge funds have recently modified their holdings of FYEE. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Yield Enhanced Equity ETF by 687.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 430,111 shares of the company’s stock worth $12,336,000 after acquiring an additional 375,458 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Fidelity Yield Enhanced Equity ETF during the fourth quarter worth about $6,721,000. Sentinel Advisory Group LLC purchased a new stake in Fidelity Yield Enhanced Equity ETF in the first quarter worth about $5,001,000. Bleakley Financial Group LLC purchased a new stake in Fidelity Yield Enhanced Equity ETF in the fourth quarter worth about $5,128,000. Finally, TBH Global Asset Management LLC grew its holdings in Fidelity Yield Enhanced Equity ETF by 192.4% in the fourth quarter. TBH Global Asset Management LLC now owns 220,339 shares of the company’s stock worth $6,319,000 after purchasing an additional 144,990 shares during the period.

Fidelity Yield Enhanced Equity ETF Stock Performance

FYEE stock opened at $29.19 on Friday. Fidelity Yield Enhanced Equity ETF has a fifty-two week low of $26.28 and a fifty-two week high of $30.14. The company has a market capitalization of $14.60 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. The business’s 50 day moving average price is $29.24 and its two-hundred day moving average price is $28.79.

About Fidelity Yield Enhanced Equity ETF

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.