Short Interest in Fidelity International High Dividend ETF (NYSEARCA:FIDI) Declines By 69.2%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 25,237 shares, a drop of 69.2% from the May 14th total of 82,036 shares. Based on an average daily trading volume, of 56,407 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Fidelity International High Dividend ETF Price Performance

Shares of NYSEARCA:FIDI traded up $0.14 during midday trading on Thursday, reaching $28.04. The company’s stock had a trading volume of 33,214 shares, compared to its average volume of 94,402. Fidelity International High Dividend ETF has a fifty-two week low of $22.45 and a fifty-two week high of $28.94. The company has a market capitalization of $316.85 million, a P/E ratio of 13.70 and a beta of 0.56. The business’s fifty day simple moving average is $28.14 and its 200-day simple moving average is $27.27.

Institutional Trading of Fidelity International High Dividend ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Fidelity International High Dividend ETF during the third quarter worth about $1,868,000. Fullerton Advisors LLC bought a new position in Fidelity International High Dividend ETF during the fourth quarter worth about $1,334,000. Bank of America Corp DE boosted its holdings in Fidelity International High Dividend ETF by 62.4% during the third quarter. Bank of America Corp DE now owns 108,104 shares of the company’s stock worth $2,645,000 after buying an additional 41,529 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Fidelity International High Dividend ETF by 138.0% during the second quarter. JPMorgan Chase & Co. now owns 65,974 shares of the company’s stock worth $1,537,000 after buying an additional 38,250 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Fidelity International High Dividend ETF by 164.9% during the fourth quarter. IFP Advisors Inc now owns 38,628 shares of the company’s stock worth $1,001,000 after buying an additional 24,047 shares during the last quarter.

About Fidelity International High Dividend ETF

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.