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

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 175,679 shares, a decline of 19.1% from the November 30th total of 217,233 shares. Based on an average daily volume of 802,468 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 802,468 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Fidelity High Dividend ETF by 80.5% in the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 211 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at about $27,000. MB Levis & Associates LLC acquired a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at about $28,000. Evermay Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the second quarter worth about $31,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $32,000.

Fidelity High Dividend ETF Trading Down 0.6%

Fidelity High Dividend ETF stock traded down $0.36 during trading hours on Wednesday, reaching $56.69. 747,113 shares of the company were exchanged, compared to its average volume of 780,069. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $57.44. The stock has a 50-day moving average of $56.40 and a 200 day moving average of $54.99. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

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.