Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Declines By 19.1%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 175,679 shares, a drop of 19.1% from the November 30th total of 217,233 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 802,468 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 802,468 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in Fidelity High Dividend ETF by 5.6% in the 3rd quarter. Allworth Financial LP now owns 578,911 shares of the company’s stock valued at $32,251,000 after purchasing an additional 30,920 shares during the period. IFP Advisors Inc increased its holdings in shares of Fidelity High Dividend ETF by 8.7% during the third quarter. IFP Advisors Inc now owns 175,962 shares of the company’s stock worth $9,803,000 after purchasing an additional 14,125 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity High Dividend ETF by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 1,044,083 shares of the company’s stock valued at $58,166,000 after buying an additional 108,544 shares in the last quarter. Centaurus Financial Inc. boosted its stake in shares of Fidelity High Dividend ETF by 4.3% in the third quarter. Centaurus Financial Inc. now owns 17,065 shares of the company’s stock valued at $951,000 after buying an additional 698 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in shares of Fidelity High Dividend ETF by 87.9% in the third quarter. Sunbelt Securities Inc. now owns 31,825 shares of the company’s stock valued at $1,773,000 after buying an additional 14,892 shares during the period.

Fidelity High Dividend ETF Price Performance

FDVV opened at $56.69 on Friday. The business has a fifty day simple moving average of $56.42 and a 200 day simple moving average of $55.00. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $57.44. The company has a market capitalization of $7.45 billion, a PE ratio of 17.18 and a beta of 0.92.

Fidelity High Dividend ETF Company Profile

The Fidelity High Dividend ETF (FDVV) is an exchange-traded fund that is based on the Fidelity High Dividend index. The fund tracks an index of large- and mid-cap companies that exhibit positive dividend characteristics, with overweights to sectors that exhibit higher dividend yield. FDVV was launched on Sep 12, 2016 and is managed by Fidelity.