Fidelity International High Dividend ETF (NYSEARCA:FIDI) Short Interest Up 679.7% in July

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 160,624 shares, a growth of 679.7% from the June 30th total of 20,601 shares. Based on an average trading volume of 86,071 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity International High Dividend ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in Fidelity International High Dividend ETF in the 1st quarter worth about $413,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $1,537,000 after buying an additional 38,250 shares during the period. Raymond James Financial Inc. boosted its position in shares of Fidelity International High Dividend ETF by 13.6% during the second quarter. Raymond James Financial Inc. now owns 11,711 shares of the company’s stock valued at $273,000 after buying an additional 1,398 shares during the period. Bank of America Corp DE grew its stake in shares of Fidelity International High Dividend ETF by 78.6% during the second quarter. Bank of America Corp DE now owns 66,575 shares of the company’s stock valued at $1,551,000 after buying an additional 29,298 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Fidelity International High Dividend ETF during the third quarter valued at approximately $223,000.

Fidelity International High Dividend ETF Trading Up 0.8%

Shares of FIDI opened at $28.69 on Friday. Fidelity International High Dividend ETF has a twelve month low of $23.12 and a twelve month high of $28.94. The company has a market cap of $355.76 million, a P/E ratio of 13.70 and a beta of 0.56. The company’s fifty day simple moving average is $27.97 and its 200-day simple moving average is $27.77.

Fidelity International High Dividend ETF Company Profile

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.