Short Interest in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Rises By 87.2%

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 14,600 shares, anincreaseof87.2% from the June 30th total of 7,800 shares. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity High Yield Factor ETF Price Performance

Shares of NYSEARCA:FDHY opened at $48.85 on Wednesday. The business has a 50-day moving average price of $48.69 and a 200 day moving average price of $48.34. Fidelity High Yield Factor ETF has a 12-month low of $45.41 and a 12-month high of $49.79.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Fidelity High Yield Factor ETF in the 4th quarter valued at approximately $2,591,000. Axxcess Wealth Management LLC raised its holdings in shares of Fidelity High Yield Factor ETF by 97.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 71,255 shares of the company’s stock valued at $3,481,000 after buying an additional 35,120 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fidelity High Yield Factor ETF by 112.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,349 shares of the company’s stock valued at $3,043,000 after buying an additional 33,599 shares during the period. Dentgroup LLC lifted its stake in Fidelity High Yield Factor ETF by 78.4% during the 1st quarter. Dentgroup LLC now owns 47,572 shares of the company’s stock worth $2,285,000 after acquiring an additional 20,908 shares in the last quarter. Finally, BG Investment Services Inc. grew its position in Fidelity High Yield Factor ETF by 68.8% in the 1st quarter. BG Investment Services Inc. now owns 30,275 shares of the company’s stock valued at $1,454,000 after acquiring an additional 12,341 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.