Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Declines By 59.1%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 424,371 shares, a drop of 59.1% from the January 15th total of 1,037,723 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,086,785 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,086,785 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Fidelity High Dividend ETF Trading Down 1.5%

Shares of NYSEARCA FDVV traded down $0.87 during trading hours on Thursday, hitting $59.03. 1,046,591 shares of the company traded hands, compared to its average volume of 1,109,321. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $60.12. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company’s 50 day moving average price is $57.49 and its 200 day moving average price is $56.11.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Several institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC raised its holdings in Fidelity High Dividend ETF by 34.3% in the second quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after purchasing an additional 6,102 shares in the last quarter. Allworth Financial LP boosted its holdings in Fidelity High Dividend ETF by 4.8% in the second quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock valued at $28,506,000 after purchasing an additional 25,216 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter worth about $344,000. Dentgroup LLC boosted its stake in shares of Fidelity High Dividend ETF by 35.6% in the third quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock worth $11,372,000 after buying an additional 53,547 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity High Dividend ETF during the second quarter worth about $626,000.

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.