Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Update

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 154,411 shares, a decline of 63.6% from the January 29th total of 424,371 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,121,829 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,121,829 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FDVV. Smithfield Trust Co grew its holdings in Fidelity High Dividend ETF by 2.4% during the 4th quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock valued at $431,000 after purchasing an additional 175 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in Fidelity High Dividend ETF by 4.5% in the 4th quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock worth $236,000 after buying an additional 179 shares in the last quarter. Ballew Advisors Inc boosted its position in Fidelity High Dividend ETF by 0.7% in the 3rd quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock valued at $1,632,000 after buying an additional 193 shares during the last quarter. Assetmark Inc. grew its stake in shares of Fidelity High Dividend ETF by 80.5% during the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Finally, Melfa Wealth Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 1.1% during the third quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock valued at $1,066,000 after acquiring an additional 212 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.7%

Shares of Fidelity High Dividend ETF stock traded down $0.39 during trading hours on Friday, hitting $59.02. 943,612 shares of the company were exchanged, compared to its average volume of 1,089,300. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $60.12. The business has a 50-day moving average of $57.97 and a 200-day moving average of $56.50. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

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.