(FYEE) Fidelity Yield Enhanced - Ratings and Ratios

The Fidelity Yield Enhanced Equity ETF (BATS:FYEE) is an actively managed exchange-traded fund designed to enhance yield through the use of derivatives while maintaining equity exposure. It primarily invests in U.S. equity securities, focusing on companies with market capitalizations similar to those in the S&P 500 or Russell 1000 indices. The fund employs a quantitative, rules-based approach to select a diversified portfolio of stocks, aiming to outperform the S&P 500 Index over the long term.

As of the latest data, FYEE has an average trading volume of 14,170 shares over the past 20 days, with a last price of $26.34. Its short-term technical indicators show the fund trading below its 20-day and 50-day simple moving averages of $27.12 and $27.17, respectively, while its 200-day SMA stands at $25.81. The average true range (ATR) of 0.34 indicates relatively low volatility. The funds assets under management (AUM) are $11.29 million, reflecting its smaller size in the ETF universe.

Over the next three months, FYEE is expected to face headwinds as it currently trades below its key moving averages, signaling bearish momentum. The 20-day SMA of $27.12 and the 50-day SMA of $27.17 may act as resistance levels, while the 200-day SMA of $25.81 could provide support. Given its low ATR of 0.34, the fund is likely to experience limited volatility, potentially trading sideways within a narrow range. Investors should monitor these technical levels and the broader market trends to gauge potential opportunities or risks.