Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) was the target of a large growth in short interest in 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. Based on an average trading volume of 781,023 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.
Institutional Trading of Fidelity High Dividend ETF
A number of institutional investors have recently added to or reduced their stakes in FDVV. Federation des caisses Desjardins du Quebec purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $25,000. Monetary Solutions Ltd purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth about $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the second quarter valued at approximately $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $33,000. Finally, Global Assets Advisory LLC purchased a new position in Fidelity High Dividend ETF during the first quarter valued at approximately $36,000.
Fidelity High Dividend ETF Price Performance
Shares of NYSEARCA:FDVV traded up $0.59 during trading on Friday, hitting $62.40. 745,098 shares of the company were exchanged, compared to its average volume of 920,922. Fidelity High Dividend ETF has a 52-week low of $52.86 and a 52-week high of $62.71. The stock has a 50 day moving average of $61.13 and a 200 day moving average of $58.94. The company has a market cap of $10.10 billion, a PE ratio of 17.18 and a beta of 0.86.
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.
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