Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Update

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 6,703 shares, a decline of 92.4% from the December 15th total of 88,147 shares. Based on an average trading volume of 26,466 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 26,466 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Dividend ETF for Rising Rates Stock Down 0.2%

Shares of NYSEARCA:FDRR traded down $0.12 during midday trading on Monday, hitting $61.70. 17,495 shares of the stock traded hands, compared to its average volume of 23,099. The business’s 50 day moving average is $60.66 and its two-hundred day moving average is $58.40. The stock has a market capitalization of $672.53 million, a PE ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a one year low of $43.06 and a one year high of $61.98.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

Several institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in Fidelity Dividend ETF for Rising Rates by 8.7% in the second quarter. Osaic Holdings Inc. now owns 122,308 shares of the company’s stock worth $6,634,000 after buying an additional 9,747 shares during the period. CX Institutional grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 32.4% during the 2nd quarter. CX Institutional now owns 772 shares of the company’s stock worth $42,000 after acquiring an additional 189 shares during the period. CWM LLC raised its position in shares of Fidelity Dividend ETF for Rising Rates by 31.3% in the 3rd quarter. CWM LLC now owns 75,675 shares of the company’s stock worth $4,436,000 after acquiring an additional 18,054 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 10.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,601 shares of the company’s stock valued at $2,202,000 after purchasing an additional 3,710 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 5.8% during the second quarter. Cetera Investment Advisers now owns 41,764 shares of the company’s stock valued at $2,265,000 after purchasing an additional 2,275 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Company Profile

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.