Fidelity International High Dividend ETF (NYSEARCA:FIDI) Sees Significant Decrease in Short Interest

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,494 shares, a decline of 54.6% from the August 31st total of 18,710 shares. Based on an average daily volume of 42,332 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in Fidelity International High Dividend ETF by 5.9% during the second quarter. IFP Advisors Inc now owns 41,123 shares of the company’s stock worth $1,126,000 after purchasing an additional 2,274 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Fidelity International High Dividend ETF by 37.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 44,934 shares of the company’s stock valued at $1,230,000 after buying an additional 12,306 shares in the last quarter. KWB Wealth purchased a new position in shares of Fidelity International High Dividend ETF during the 2nd quarter valued at about $288,000. Bank of America Corp DE lifted its position in Fidelity International High Dividend ETF by 14.4% in the 1st quarter. Bank of America Corp DE now owns 172,738 shares of the company’s stock worth $4,768,000 after buying an additional 21,693 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Fidelity International High Dividend ETF by 85.6% in the 1st quarter. Royal Bank of Canada now owns 44,079 shares of the company’s stock worth $1,217,000 after buying an additional 20,333 shares during the last quarter.

Fidelity International High Dividend ETF Price Performance

FIDI stock traded down $0.11 during midday trading on Wednesday, reaching $27.86. The company had a trading volume of 31,280 shares, compared to its average volume of 82,692. The firm has a 50-day moving average price of $29.11 and a 200-day moving average price of $28.32. The company has a market capitalization of $384.47 million, a P/E ratio of 13.70 and a beta of 0.56. Fidelity International High Dividend ETF has a 1 year low of $24.20 and a 1 year high of $29.73.

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.