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

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 154,411 shares, a drop of 63.6% from the January 29th total of 424,371 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,121,829 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,121,829 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $59.65 on Thursday. The company’s fifty day moving average is $57.91 and its two-hundred day moving average is $56.48. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $60.12. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Several large investors have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its stake in Fidelity High Dividend ETF by 34.3% in the second quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock valued at $1,244,000 after acquiring an additional 6,102 shares during the period. Allworth Financial LP lifted its holdings in shares of Fidelity High Dividend ETF by 4.8% during the 2nd quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock valued at $28,506,000 after purchasing an additional 25,216 shares in the last quarter. Advyzon Investment Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at approximately $344,000. Dentgroup LLC lifted its stake in Fidelity High Dividend ETF by 35.6% in the third quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock valued at $11,372,000 after buying an additional 53,547 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Fidelity High Dividend ETF in the second quarter valued at approximately $626,000.

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.