Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Decrease in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 31,227 shares, a decrease of 79.6% from the June 15th total of 153,352 shares. Based on an average daily trading volume, of 807,623 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock traded up $0.37 during midday trading on Friday, reaching $62.14. The company’s stock had a trading volume of 727,081 shares, compared to its average volume of 928,583. The stock has a market capitalization of $10.03 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock’s 50-day simple moving average is $60.56 and its 200-day simple moving average is $58.57. Fidelity High Dividend ETF has a 52-week low of $52.48 and a 52-week high of $62.23.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec purchased a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $25,000. Monetary Solutions Ltd purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth $26,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the second quarter worth $27,000. Optima Capital LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Fidelity High Dividend ETF during the first quarter worth $36,000.

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.