Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Large Drop in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 77,835 shares, a drop of 73.9% from the February 26th total of 297,742 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,128,656 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 1,128,656 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in shares of Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares during the period. Raymond James Financial Inc. grew its holdings 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 buying an additional 635,591 shares during the period. Bank of America Corp DE increased its stake in shares of Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after acquiring an additional 572,218 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of Fidelity High Dividend ETF during the 3rd quarter worth about $28,056,000. Finally, Jane Street Group LLC boosted its position in shares of Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after acquiring an additional 394,131 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV traded up $0.36 on Wednesday, reaching $55.09. The stock had a trading volume of 934,707 shares, compared to its average volume of 1,110,082. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $60.12. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The firm’s fifty day moving average is $57.93 and its two-hundred day moving average is $56.77.

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.