Short Interest in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Declines By 92.4%

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 6,703 shares, a drop of 92.4% from the December 15th total of 88,147 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,466 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 26,466 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Hedge funds and other institutional investors have recently bought and sold shares of the business. CX Institutional grew its position in shares of Fidelity Dividend ETF for Rising Rates by 32.4% during the 2nd quarter. CX Institutional now owns 772 shares of the company’s stock worth $42,000 after purchasing an additional 189 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the third quarter valued at approximately $49,000. Advisory Services Network LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $79,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the second quarter worth approximately $94,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth $110,000.

Fidelity Dividend ETF for Rising Rates Price Performance

NYSEARCA FDRR traded up $0.05 on Tuesday, reaching $61.75. The stock had a trading volume of 10,225 shares, compared to its average volume of 21,272. The company has a market cap of $673.02 million, a P/E ratio of 17.77 and a beta of 0.91. The firm has a fifty day moving average of $60.66 and a two-hundred day moving average of $58.40. Fidelity Dividend ETF for Rising Rates has a 1-year low of $43.06 and a 1-year high of $61.98.

About Fidelity Dividend ETF for Rising Rates

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.