Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 12,455 shares, a decrease of 45.2% from the June 15th total of 22,720 shares. Based on an average trading volume of 79,134 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
Fidelity High Yield Factor ETF Stock Performance
FDHY stock opened at $49.09 on Wednesday. The business has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $49.21. Fidelity High Yield Factor ETF has a 1 year low of $48.00 and a 1 year high of $49.71.
Institutional Investors Weigh In On Fidelity High Yield Factor ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in Fidelity High Yield Factor ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 503,214 shares of the company’s stock worth $24,824,000 after buying an additional 74,936 shares during the period. Geneva Partners LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the first quarter valued at about $3,402,000. Financial Management Professionals Inc. raised its stake in shares of Fidelity High Yield Factor ETF by 10.7% in the 4th quarter. Financial Management Professionals Inc. now owns 451,872 shares of the company’s stock valued at $22,427,000 after acquiring an additional 43,498 shares during the period. Wise Wealth Partners purchased a new stake in shares of Fidelity High Yield Factor ETF in the 4th quarter valued at approximately $1,801,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 21.9% in the 4th quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after acquiring an additional 33,937 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.
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