Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw unusually-strong trading volume on Thursday . Approximately 249,612 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 80,040 shares.The stock last traded at $48.74 and had previously closed at $48.85.

Fidelity High Yield Factor ETF Trading Down 0.0%

The company’s 50-day moving average price is $49.00 and its 200-day moving average price is $49.05.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new position in Fidelity High Yield Factor ETF during the second quarter worth $10,597,000. Strengthening Families & Communities LLC bought a new stake in Fidelity High Yield Factor ETF during the 2nd quarter worth about $7,812,000. LPL Financial LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 17.5% during the 4th 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 last quarter. Geneva Partners LLC acquired a new position in shares of Fidelity High Yield Factor ETF during the 1st quarter worth about $3,402,000. Finally, Advisory Services Network LLC grew 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 valued at $9,308,000 after acquiring an additional 33,937 shares in 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.