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

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 112,519 shares, a decrease of 58.5% from the April 30th total of 270,873 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 706,271 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity High Dividend ETF Trading Up 0.9%

FDVV traded up $0.55 on Friday, hitting $61.64. 660,809 shares of the company’s stock were exchanged, compared to its average volume of 972,859. The stock has a fifty day moving average of $58.02 and a two-hundred day moving average of $57.63. Fidelity High Dividend ETF has a twelve month low of $49.84 and a twelve month high of $61.73. The firm has a market cap of $9.59 billion, a PE ratio of 17.18 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its stake in Fidelity High Dividend ETF by 330.2% in the first quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock valued at $131,000 after acquiring an additional 1,816 shares during the period. Summit Financial Wealth Advisors LLC boosted its stake in Fidelity High Dividend ETF by 23.7% in the first quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock valued at $4,651,000 after acquiring an additional 16,146 shares during the period. Leigh Baldwin & CO. LLC boosted its stake in Fidelity High Dividend ETF by 10.5% in the first quarter. Leigh Baldwin & CO. LLC now owns 16,769 shares of the company’s stock valued at $926,000 after acquiring an additional 1,593 shares during the period. Western Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the first quarter valued at approximately $129,000. Finally, McIlrath & Eck LLC boosted its stake in Fidelity High Dividend ETF by 8.3% in the first quarter. McIlrath & Eck LLC now owns 736,989 shares of the company’s stock valued at $40,711,000 after acquiring an additional 56,295 shares during the period.

Fidelity High Dividend ETF Company Profile

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.