Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Update

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 36,504 shares, an increase of 282.6% from the March 15th total of 9,540 shares. Based on an average trading volume of 20,487 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are short sold.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of FDRR stock traded up $0.03 on Friday, hitting $61.03. 20,518 shares of the company’s stock were exchanged, compared to its average volume of 21,349. The stock has a market cap of $665.23 million, a P/E ratio of 17.77 and a beta of 0.88. The company has a 50 day moving average of $60.81 and a 200 day moving average of $60.45. Fidelity Dividend ETF for Rising Rates has a 12 month low of $45.25 and a 12 month high of $63.34.

Fidelity Dividend ETF for Rising Rates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a $0.35 dividend. This is an increase from Fidelity Dividend ETF for Rising Rates’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, March 20th.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Hedge funds have recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc lifted its position in Fidelity Dividend ETF for Rising Rates by 6.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock valued at $245,000 after purchasing an additional 247 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $26,000. Stonebridge Financial Planning Group LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 2.6% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 18,445 shares of the company’s stock valued at $1,081,000 after buying an additional 475 shares during the period. Finally, CX Institutional increased its stake in Fidelity Dividend ETF for Rising Rates by 79.5% in the 3rd quarter. CX Institutional now owns 1,386 shares of the company’s stock valued at $81,000 after buying an additional 614 shares during the period.

About Fidelity Dividend ETF for Rising Rates

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.