FDHY Stock Summary and Trading Ideas (Fidelity High Yield Factor ETF | ARCA:FDHY)

Fidelity High Yield Factor ETF seeks a high level of income. The fund may also seek capital appreciation. Normally invests at least 80% of the funds assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds).

Fidelity High Yield Factor ETF trades on the ARCA stock market under the symbol FDHY.

As of May 13, 2024, FDHY stock price climbed to $47.88 with 4,247 million shares trading.

FDHY has a beta of 0.40, meaning it tends to be less sensitive to market movements. FDHY has a correlation of 0.54 to the broad based SPY ETF.

FDHY has a market cap of $304.04 million. This is considered a Small Cap stock.

In the last 3 years, FDHY stock traded as high as $56.68 and as low as $43.78.

FDHY has underperformed the market in the last year with a price return of +9.2% while the SPY ETF gained +28.0%. FDHY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.3% and +1.1%, respectively, while the SPY returned +4.4% and +2.7%, respectively.

FDHY support price is $47.64 and resistance is $48.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDHY stock will trade within this expected range on the day.