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

Fidelity Yield Enhanced Equity ETF (BATS:FYEE) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 45,469 shares, a decrease of 35.6% from the June 15th total of 70,647 shares. Based on an average daily volume of 80,940 shares, the short-interest ratio is presently 0.6 days. Currently, 9.1% of the company’s stock are sold short.

Fidelity Yield Enhanced Equity ETF Price Performance

Fidelity Yield Enhanced Equity ETF stock opened at $29.19 on Friday. The stock has a market capitalization of $14.60 million, a price-to-earnings ratio of 24.14 and a beta of 1.00. The business has a fifty day moving average price of $29.24 and a 200-day moving average price of $28.79. Fidelity Yield Enhanced Equity ETF has a 1-year low of $26.28 and a 1-year high of $30.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in Fidelity Yield Enhanced Equity ETF by 687.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 430,111 shares of the company’s stock worth $12,336,000 after buying an additional 375,458 shares during the period. Advisory Resource Group boosted its position in Fidelity Yield Enhanced Equity ETF by 1.2% in the 4th quarter. Advisory Resource Group now owns 275,109 shares of the company’s stock valued at $7,890,000 after buying an additional 3,161 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of Fidelity Yield Enhanced Equity ETF in the fourth quarter worth $6,721,000. TBH Global Asset Management LLC grew its stake in shares of Fidelity Yield Enhanced Equity ETF by 192.4% in the fourth quarter. TBH Global Asset Management LLC now owns 220,339 shares of the company’s stock worth $6,319,000 after acquiring an additional 144,990 shares in the last quarter. Finally, Sentinel Advisory Group LLC purchased a new stake in shares of Fidelity Yield Enhanced Equity ETF during the first quarter worth $5,001,000.

About Fidelity Yield Enhanced Equity ETF

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.