Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 13,195 shares, a decline of 66.4% from the May 31st total of 39,277 shares. Based on an average daily volume of 15,921 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.
Fidelity Dividend ETF for Rising Rates Stock Up 0.4%
Shares of FDRR stock traded up $0.23 during trading on Tuesday, hitting $65.11. The company had a trading volume of 12,248 shares, compared to its average volume of 19,055. The stock’s 50-day moving average is $64.84 and its two-hundred day moving average is $62.42. The stock has a market capitalization of $709.70 million, a price-to-earnings ratio of 17.77 and a beta of 0.88. Fidelity Dividend ETF for Rising Rates has a 52 week low of $53.99 and a 52 week high of $67.68.
Institutional Trading of Fidelity Dividend ETF for Rising Rates
Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in Fidelity Dividend ETF for Rising Rates by 98.8% in the first quarter. Jane Street Group LLC now owns 12,715 shares of the company’s stock worth $635,000 after acquiring an additional 6,319 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fidelity Dividend ETF for Rising Rates by 379.2% during the second quarter. JPMorgan Chase & Co. now owns 24,531 shares of the company’s stock valued at $1,330,000 after purchasing an additional 19,412 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the second quarter valued at about $94,000. Bank of America Corp DE lifted its stake in Fidelity Dividend ETF for Rising Rates by 2.6% during the second quarter. Bank of America Corp DE now owns 228,532 shares of the company’s stock worth $12,393,000 after purchasing an additional 5,796 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 5.4% in the 2nd quarter. MML Investors Services LLC now owns 20,375 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,043 shares in the last quarter.
Fidelity Dividend ETF for Rising Rates Company Profile
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.
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