Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Update

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 9,540 shares, an increase of 77.3% from the February 26th total of 5,381 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,756 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

A number of large investors have recently modified their holdings of the company. Glass Jacobson Investment Advisors llc lifted its holdings in Fidelity Dividend ETF for Rising Rates by 6.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock worth $245,000 after buying an additional 247 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth $25,000. Birchwood Financial Partners Inc. bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth $26,000. Stonebridge Financial Planning Group LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.6% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 18,445 shares of the company’s stock worth $1,081,000 after purchasing an additional 475 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 79.5% during the 3rd quarter. CX Institutional now owns 1,386 shares of the company’s stock worth $81,000 after purchasing an additional 614 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Down 1.9%

Shares of FDRR traded down $1.09 during trading hours on Friday, reaching $57.35. 42,742 shares of the company traded hands, compared to its average volume of 20,670. The stock’s fifty day moving average price is $61.21 and its 200 day moving average price is $60.37. The firm has a market cap of $625.12 million, a price-to-earnings ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a 12-month low of $43.06 and a 12-month high of $63.34.

Fidelity Dividend ETF for Rising Rates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were paid a $0.35 dividend. The ex-dividend date was Friday, March 20th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. This is an increase from Fidelity Dividend ETF for Rising Rates’s previous quarterly dividend of $0.33.

Fidelity Dividend ETF for Rising Rates Company Profile

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.