Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Short Interest Update

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 31,069 shares, a growth of 147.5% from the February 12th total of 12,555 shares. Based on an average trading volume of 72,607 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 72,607 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity High Yield Factor ETF Price Performance

FDHY stock opened at $48.97 on Thursday. The stock has a 50-day moving average price of $49.45 and a two-hundred day moving average price of $49.33. 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 6.6%. This is an increase from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24.

Institutional Trading of Fidelity High Yield Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NWF Advisory Services Inc. raised its holdings in Fidelity High Yield Factor ETF by 11.3% in the fourth quarter. NWF Advisory Services Inc. now owns 8,278 shares of the company’s stock valued at $408,000 after buying an additional 840 shares during the period. Cetera Investment Advisers grew its stake in Fidelity High Yield Factor ETF by 9.8% during the fourth quarter. Cetera Investment Advisers now owns 5,485 shares of the company’s stock worth $271,000 after buying an additional 489 shares during the period. Osaic Holdings Inc. increased its position in shares of Fidelity High Yield Factor ETF by 3.3% in the fourth quarter. Osaic Holdings Inc. now owns 49,007 shares of the company’s stock worth $2,420,000 after acquiring an additional 1,567 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Fidelity High Yield Factor ETF by 21.9% in the fourth quarter. Advisory Services Network LLC now owns 188,681 shares of the company’s stock worth $9,308,000 after acquiring an additional 33,937 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Fidelity High Yield Factor ETF by 32.2% in the 4th quarter. MML Investors Services LLC now owns 10,441 shares of the company’s stock valued at $515,000 after acquiring an additional 2,545 shares during the period.

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. FDHY was launched on Jun 12, 2018 and is managed by Fidelity.