Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Update

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 424,371 shares, a decrease of 59.1% from the January 15th total of 1,037,723 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,086,785 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,086,785 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Fidelity High Dividend ETF Trading Up 0.1%

FDVV stock traded up $0.08 during mid-day trading on Friday, hitting $59.11. 1,136,317 shares of the company were exchanged, compared to its average volume of 1,110,244. The firm has a fifty day simple moving average of $57.53 and a 200 day simple moving average of $56.16. The company has a market capitalization of $8.62 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.

Institutional Trading of Fidelity High Dividend ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FDVV. Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 6.0% during the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Fidelity High Dividend ETF by 34.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 66,852 shares of the company’s stock worth $3,478,000 after purchasing an additional 17,047 shares during the last quarter. JGP Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the second quarter worth $458,000. Harbour Investments Inc. boosted its holdings in Fidelity High Dividend ETF by 1.5% in the second quarter. Harbour Investments Inc. now owns 40,142 shares of the company’s stock worth $2,088,000 after purchasing an additional 606 shares during the period. Finally, Harbor Asset Planning Inc. bought a new stake in Fidelity High Dividend ETF during the second quarter valued at $216,000.

About Fidelity High Dividend ETF

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.