Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Sees Significant Decrease in Short Interest

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 43,254 shares, a decrease of 35.2% from the September 30th total of 66,752 shares. Currently, 8.7% of the company’s shares are sold short. Based on an average trading volume of 103,885 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity Yield Enhanced Equity ETF Stock Performance

FYEE opened at $29.51 on Monday. Fidelity Yield Enhanced Equity ETF has a twelve month low of $26.29 and a twelve month high of $30.52. The firm has a market cap of $14.76 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. The company has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $29.21.

Hedge Funds Weigh In On Fidelity Yield Enhanced Equity ETF

Institutional investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC increased its stake in Fidelity Yield Enhanced Equity ETF by 1.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 240,180 shares of the company’s stock valued at $6,939,000 after buying an additional 3,898 shares during the period. Sentinel Advisory Group LLC lifted its stake in shares of Fidelity Yield Enhanced Equity ETF by 2.3% in the 3rd quarter. Sentinel Advisory Group LLC now owns 214,373 shares of the company’s stock worth $6,365,000 after acquiring an additional 4,868 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Fidelity Yield Enhanced Equity ETF by 2.4% in the first quarter. Bleakley Financial Group LLC now owns 183,026 shares of the company’s stock valued at $4,965,000 after acquiring an additional 4,212 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Yield Enhanced Equity ETF by 73.4% in the first quarter. Cetera Investment Advisers now owns 168,283 shares of the company’s stock valued at $4,566,000 after acquiring an additional 71,209 shares in the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in shares of Fidelity Yield Enhanced Equity ETF by 26.5% in the third quarter. Traynor Capital Management Inc. now owns 65,612 shares of the company’s stock valued at $1,948,000 after acquiring an additional 13,764 shares in the last quarter.

Fidelity Yield Enhanced Equity ETF Company Profile

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