Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Up 110.5% in June

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 22,720 shares, a growth of 110.5% from the May 31st total of 10,795 shares. Based on an average daily trading volume, of 69,265 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FDHY. Flavin Financial Services Inc. lifted its position in shares of Fidelity High Yield Factor ETF by 28.7% during the 3rd quarter. Flavin Financial Services Inc. now owns 101,309 shares of the company’s stock worth $4,995,000 after buying an additional 22,580 shares in the last quarter. Wise Wealth Partners bought a new position in shares of Fidelity High Yield Factor ETF in the fourth quarter valued at approximately $1,801,000. Financial Management Professionals Inc. increased its position in shares of Fidelity High Yield Factor ETF by 10.7% during the fourth 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 last quarter. BG Investment Services LLC increased its position in shares of Fidelity High Yield Factor ETF by 35.3% during the fourth quarter. BG Investment Services LLC now owns 77,994 shares of the company’s stock valued at $3,847,000 after acquiring an additional 20,330 shares during the last quarter. Finally, Evergreen Private Wealth LLC increased its position in shares of Fidelity High Yield Factor ETF by 6.3% during the fourth quarter. Evergreen Private Wealth LLC now owns 53,103 shares of the company’s stock valued at $2,620,000 after acquiring an additional 3,145 shares during the last quarter.

Fidelity High Yield Factor ETF Price Performance

NYSEARCA:FDHY traded up $0.05 during trading hours on Tuesday, hitting $49.04. 40,685 shares of the company traded hands, compared to its average volume of 79,069. The firm’s 50-day simple moving average is $49.18 and its 200-day simple moving average is $49.23. Fidelity High Yield Factor ETF has a one year low of $48.00 and a one year high of $49.71.

Fidelity High Yield Factor ETF Company Profile

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.