Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Expands By 92.8%

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 297,742 shares, a growth of 92.8% from the February 12th total of 154,411 shares. Based on an average daily trading volume, of 1,019,454 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,019,454 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in FDVV. LPL Financial LLC grew its stake in shares of Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after purchasing an additional 1,655,768 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after purchasing an additional 635,591 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Fidelity High Dividend ETF by 34.6% in the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $28,056,000. Finally, Jane Street Group LLC boosted its position in shares of Fidelity High Dividend ETF by 301.9% during the 2nd quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after purchasing an additional 394,131 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV traded down $0.74 during mid-day trading on Thursday, hitting $56.43. 949,427 shares of the stock traded hands, compared to its average volume of 1,094,066. The company has a market cap of $8.23 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $60.12. The firm has a 50 day simple moving average of $58.16 and a two-hundred day simple moving average of $56.72.

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.