Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Grows By 108.8%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 445,335 shares, an increase of 108.8% from the July 30th total of 213,305 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 803,070 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FDVV. LPL Financial LLC raised its stake in Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares during the last quarter. Raymond James Financial Inc. raised its stake in Fidelity High Dividend ETF by 62.2% during the third 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 period. Bank of America Corp DE boosted its holdings 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 valued at $124,066,000 after purchasing an additional 572,218 shares during the last quarter. Baer Investment Advisory LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 1st quarter valued at $30,326,000. Finally, Royal Bank of Canada grew its stake in shares of Fidelity High Dividend ETF by 246.4% during the 1st quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after buying an additional 423,383 shares during the period.

Fidelity High Dividend ETF Trading Down 0.2%

Shares of NYSEARCA:FDVV traded down $0.11 during trading on Friday, hitting $63.22. 587,025 shares of the stock were exchanged, compared to its average volume of 893,998. The company has a market cap of $10.26 billion, a PE ratio of 17.18 and a beta of 0.86. The company has a fifty day moving average price of $62.43 and a two-hundred day moving average price of $59.95. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.54.

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.