Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Rises By 1,189.8%

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 402,777 shares, a growth of 1,189.8% from the June 30th total of 31,227 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 781,023 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Base Wealth Management LLC lifted its holdings in shares of Fidelity High Dividend ETF by 27.5% in the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Childress Capital Advisors LLC boosted its position in shares of Fidelity High Dividend ETF by 4.8% in the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the period. North Star Asset Management Inc. purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $482,000. Sovran Advisors LLC grew its stake in Fidelity High Dividend ETF by 214.7% during the 4th quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after buying an additional 23,725 shares during the last quarter. Finally, Savvy Advisors Inc. increased its position in Fidelity High Dividend ETF by 55.6% during the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after buying an additional 18,037 shares during the period.

Fidelity High Dividend ETF Stock Performance

FDVV stock traded up $0.59 during midday trading on Friday, reaching $62.40. 745,098 shares of the company were exchanged, compared to its average volume of 920,922. Fidelity High Dividend ETF has a 1-year low of $52.86 and a 1-year high of $62.71. The stock’s 50-day simple moving average is $61.13 and its 200 day simple moving average is $58.94. The company has a market cap of $10.10 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.