Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Large Increase in Short Interest

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 51,290 shares, a growth of 158.9% from the December 15th total of 19,808 shares. Based on an average trading volume of 69,607 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 69,607 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity High Yield Factor ETF Stock Performance

Shares of NYSEARCA:FDHY opened at $49.49 on Wednesday. The company’s fifty day moving average is $49.27 and its 200-day moving average is $49.17. Fidelity High Yield Factor ETF has a 52 week low of $45.41 and a 52 week high of $49.71.

Institutional Trading of Fidelity High Yield Factor ETF

Hedge funds have recently modified their holdings of the company. Moody National Bank Trust Division raised its stake in shares of Fidelity High Yield Factor ETF by 2.7% in the fourth quarter. Moody National Bank Trust Division now owns 108,413 shares of the company’s stock valued at $5,348,000 after acquiring an additional 2,857 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fidelity High Yield Factor ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,263 shares of the company’s stock valued at $1,886,000 after purchasing an additional 752 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Fidelity High Yield Factor ETF in the 3rd quarter valued at $121,000. Kestra Private Wealth Services LLC acquired a new position in Fidelity High Yield Factor ETF in the third quarter worth $245,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Fidelity High Yield Factor ETF by 69.1% during the third quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after purchasing an additional 425 shares during 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.