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

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw unusually-high trading volume on Friday . Approximately 134,862 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 81,211 shares.The stock last traded at $48.55 and had previously closed at $48.62.

Fidelity High Yield Factor ETF Stock Performance

The firm’s 50 day moving average is $48.95 and its two-hundred day moving average is $49.02.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Investors Research Corp acquired a new stake in shares of Fidelity High Yield Factor ETF during the second quarter valued at about $10,597,000. Strengthening Families & Communities LLC bought a new position in shares of Fidelity High Yield Factor ETF during the second quarter valued at $7,812,000. Geneva Partners LLC acquired a new position in shares of Fidelity High Yield Factor ETF during the first quarter worth $3,402,000. Cetera Investment Advisers grew its stake in shares of Fidelity High Yield Factor ETF by 382.5% in the first quarter. Cetera Investment Advisers now owns 26,465 shares of the company’s stock worth $1,285,000 after purchasing an additional 20,980 shares during the last quarter. Finally, Old Mission Investment Co LLC bought a new stake in shares of Fidelity High Yield Factor ETF in the second quarter worth $321,000.

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.