Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Down 37.9% in September

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 39,200 shares, a decline of 37.9% from the August 31st total of 63,100 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

A number of institutional investors have recently modified their holdings of FDHY. Cullen Frost Bankers Inc. bought a new stake in shares of Fidelity High Yield Factor ETF during the first quarter worth about $32,000. Golden State Wealth Management LLC grew its stake in Fidelity High Yield Factor ETF by 101.3% during the first quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $61,000 after acquiring an additional 644 shares in the last quarter. CWM LLC purchased a new position in Fidelity High Yield Factor ETF during the second quarter worth about $209,000. Fifth Third Securities Inc. bought a new stake in Fidelity High Yield Factor ETF during the second quarter valued at approximately $272,000. Finally, Janney Montgomery Scott LLC increased its stake in Fidelity High Yield Factor ETF by 13.0% in the second quarter. Janney Montgomery Scott LLC now owns 5,875 shares of the company’s stock valued at $287,000 after acquiring an additional 677 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

NYSEARCA:FDHY opened at $49.24 on Tuesday. The firm has a fifty day simple moving average of $49.18 and a two-hundred day simple moving average of $48.50. Fidelity High Yield Factor ETF has a 12 month low of $45.41 and a 12 month 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.