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

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 883,623 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 883,623 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after purchasing an additional 572,218 shares during the period. Retirement Planning Group LLC lifted its position in shares of Fidelity High Dividend ETF by 10.1% during the 3rd quarter. Retirement Planning Group LLC now owns 2,199,223 shares of the company’s stock valued at $122,519,000 after buying an additional 201,512 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity High Dividend ETF by 11.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,363 shares of the company’s stock valued at $102,527,000 after buying an additional 191,904 shares in the last quarter. Raymond James Financial Inc. grew its stake in Fidelity High Dividend ETF by 62.2% in the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after acquiring an additional 635,591 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Fidelity High Dividend ETF by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,044,083 shares of the company’s stock valued at $58,166,000 after acquiring an additional 108,544 shares during the period.

Fidelity High Dividend ETF Trading Down 0.0%

Shares of Fidelity High Dividend ETF stock traded down $0.01 during trading hours on Tuesday, reaching $57.18. The stock had a trading volume of 455,685 shares, compared to its average volume of 1,111,818. The stock’s 50 day moving average is $56.52 and its 200 day moving average is $55.34. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $57.44. The firm has a market capitalization of $8.09 billion, a PE 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.