Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Down 66.4% in June

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,195 shares, a decrease of 66.4% from the May 31st total of 39,277 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 15,921 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new stake in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $49,000. Fifth Third Bancorp purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter worth $53,000. Finally, MWA Asset Management purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter worth $54,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

FDRR traded up $0.11 during trading on Friday, reaching $64.33. The company’s stock had a trading volume of 28,362 shares, compared to its average volume of 19,003. The company’s fifty day moving average price is $64.79 and its 200-day moving average price is $62.39. The company has a market capitalization of $701.20 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 $53.62 and a 52-week high of $67.68.

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.