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

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 62,915 shares, an increase of 69.3% from the April 30th total of 37,163 shares. Based on an average daily volume of 90,966 shares, the days-to-cover ratio is presently 0.7 days. Approximately 12.6% of the shares of the company are short sold.

Fidelity Yield Enhanced Equity ETF Price Performance

BATS FYEE opened at $29.80 on Thursday. The business’s fifty day moving average is $28.57 and its 200-day moving average is $28.70. The stock has a market capitalization of $14.90 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. Fidelity Yield Enhanced Equity ETF has a one year low of $25.49 and a one year high of $30.14.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Roxbury Financial LLC grew its position in shares of Fidelity Yield Enhanced Equity ETF by 225.2% during the 4th quarter. Roxbury Financial LLC now owns 1,626 shares of the company’s stock valued at $47,000 after acquiring an additional 1,126 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Fidelity Yield Enhanced Equity ETF by 696.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock worth $66,000 after purchasing an additional 2,000 shares during the period. Royal Bank of Canada purchased a new position in Fidelity Yield Enhanced Equity ETF in the fourth quarter valued at approximately $147,000. Kestra Advisory Services LLC purchased a new position in Fidelity Yield Enhanced Equity ETF in the fourth quarter valued at approximately $160,000. Finally, Parsons Capital Management Inc. RI bought a new position in Fidelity Yield Enhanced Equity ETF during the fourth quarter valued at $282,000.

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.