Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Large Decrease in Short Interest

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 5,381 shares, a drop of 85.5% from the February 12th total of 37,232 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 20,815 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 20,815 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Several institutional investors and hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the 4th quarter worth $25,000. Birchwood Financial Partners Inc. acquired a new position in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at about $49,000. Cornerstone Planning Group LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the third quarter valued at about $49,000. Finally, SHP Wealth Management acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $61,000.

Fidelity Dividend ETF for Rising Rates Stock Down 1.1%

FDRR traded down $0.68 during trading on Thursday, hitting $60.07. 11,047 shares of the stock were exchanged, compared to its average volume of 20,986. The firm has a market capitalization of $654.76 million, a P/E ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a 1-year low of $43.06 and a 1-year high of $63.34. The stock has a fifty day moving average price of $61.78 and a two-hundred day moving average price of $60.22.

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.