Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,516 shares, a drop of 65.3% from the August 31st total of 18,770 shares. Based on an average daily volume of 93,453 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Fidelity High Yield Factor ETF Price Performance
FDHY stock remained flat at $48.20 during midday trading on Friday. 51,018 shares of the company’s stock were exchanged, compared to its average volume of 82,036. Fidelity High Yield Factor ETF has a 1 year low of $48.00 and a 1 year high of $49.70. The stock’s 50 day simple moving average is $48.87 and its 200-day simple moving average is $48.99.
Institutional Trading of Fidelity High Yield Factor ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nalls Sherbakoff Group LLC bought a new stake in Fidelity High Yield Factor ETF during the fourth quarter worth $25,000. Solstein Capital LLC bought a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter valued at $25,000. Continuum Advisory LLC acquired a new position in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth $142,000. IFP Advisors Inc raised its holdings in shares of Fidelity High Yield Factor ETF by 747.4% during the 4th quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock worth $145,000 after buying an additional 2,586 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth $250,000.
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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