Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Up 305.8% in December

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 712,962 shares, a growth of 305.8% from the December 15th total of 175,679 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 883,623 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 883,623 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of hedge funds have recently made changes to their positions in the business. Assetmark Inc. lifted its stake in shares of Fidelity High Dividend ETF by 80.5% in the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares during the period. Darwin Wealth Management LLC bought a new stake in Fidelity High Dividend ETF during the 2nd quarter worth approximately $27,000. MB Levis & Associates LLC purchased a new position in shares of Fidelity High Dividend ETF in the second quarter valued at about $28,000. Evermay Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the second quarter valued at $31,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Fidelity High Dividend ETF in the second quarter worth $32,000.

Fidelity High Dividend ETF Stock Up 0.2%

NYSEARCA FDVV traded up $0.12 on Wednesday, reaching $57.38. The company had a trading volume of 1,004,428 shares, compared to its average volume of 1,149,292. The company’s fifty day moving average is $56.56 and its 200 day moving average is $55.38. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $57.44. The stock has a market capitalization of $8.18 billion, a P/E ratio of 17.18 and a beta of 0.92.

About Fidelity High Dividend ETF

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.