Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Stock Short Interest Report for October

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 3,724 shares, a drop of 80.6% from the October 15th total of 19,230 shares. Based on an average trading volume of 25,418 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth $37,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at about $53,000. MWA Asset Management purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter worth about $54,000. Next Level Wealth Planning LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth about $74,000. Finally, IFP Advisors Inc grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 22.2% during the 3rd quarter. IFP Advisors Inc now owns 2,039 shares of the company’s stock worth $139,000 after purchasing an additional 370 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Fidelity Dividend ETF for Rising Rates stock traded down $0.23 during trading on Thursday, reaching $67.94. The company had a trading volume of 11,829 shares, compared to its average volume of 19,395. Fidelity Dividend ETF for Rising Rates has a 12-month low of $57.18 and a 12-month high of $70.70. The stock’s 50 day moving average price is $69.02 and its two-hundred day moving average price is $65.51. The firm has a market capitalization of $757.58 million, a price-to-earnings ratio of 20.10 and a beta of 0.90.

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.