Fidelity International High Dividend ETF (NYSEARCA:FIDI) Short Interest Update

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 25,237 shares, a decrease of 69.2% from the May 14th total of 82,036 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 56,407 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Fidelity International High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new position in shares of Fidelity International High Dividend ETF during the first quarter valued at $413,000. JPMorgan Chase & Co. increased its stake in shares of Fidelity International High Dividend ETF by 138.0% during the second quarter. JPMorgan Chase & Co. now owns 65,974 shares of the company’s stock valued at $1,537,000 after buying an additional 38,250 shares during the period. Raymond James Financial Inc. increased its stake in shares of Fidelity International High Dividend ETF by 13.6% during the second quarter. Raymond James Financial Inc. now owns 11,711 shares of the company’s stock valued at $273,000 after buying an additional 1,398 shares during the period. Bank of America Corp DE increased its stake in shares of Fidelity International High Dividend ETF by 78.6% during the second quarter. Bank of America Corp DE now owns 66,575 shares of the company’s stock valued at $1,551,000 after buying an additional 29,298 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Fidelity International High Dividend ETF during the third quarter valued at $223,000.

Fidelity International High Dividend ETF Price Performance

Shares of NYSEARCA FIDI traded up $0.03 during midday trading on Friday, reaching $28.45. 56,580 shares of the stock traded hands, compared to its average volume of 94,391. Fidelity International High Dividend ETF has a one year low of $22.45 and a one year high of $28.94. The stock has a market capitalization of $321.49 million, a PE ratio of 13.70 and a beta of 0.56. The company’s 50 day moving average is $28.17 and its 200 day moving average is $27.31.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.