Short Interest in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Increases By 75.8%

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 12,096 shares, an increase of 75.8% from the January 15th total of 6,881 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,447 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 17,447 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR stock traded down $0.13 during trading hours on Friday, hitting $61.95. 15,702 shares of the company were exchanged, compared to its average volume of 19,450. The company has a 50 day simple moving average of $61.62 and a two-hundred day simple moving average of $59.49. The firm has a market cap of $675.26 million, a P/E ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $43.06 and a fifty-two week high of $63.34.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 98.8% during the first quarter. Jane Street Group LLC now owns 12,715 shares of the company’s stock valued at $635,000 after purchasing an additional 6,319 shares during the period. CWM LLC increased its position in Fidelity Dividend ETF for Rising Rates by 994.4% in the 2nd quarter. CWM LLC now owns 57,621 shares of the company’s stock valued at $3,125,000 after buying an additional 52,356 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity Dividend ETF for Rising Rates by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,601 shares of the company’s stock worth $2,202,000 after buying an additional 3,710 shares during the period. Arkadios Wealth Advisors boosted its holdings in Fidelity Dividend ETF for Rising Rates by 7.0% in the second quarter. Arkadios Wealth Advisors now owns 7,629 shares of the company’s stock worth $414,000 after acquiring an additional 497 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Fidelity Dividend ETF for Rising Rates by 2.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after acquiring an additional 190 shares in the last quarter.

About Fidelity Dividend ETF for Rising Rates

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.