Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 402,777 shares, a growth of 1,189.8% from the June 30th total of 31,227 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 781,023 shares, the short-interest ratio is presently 0.5 days.
Fidelity High Dividend ETF Trading Up 1.0%
FDVV stock traded up $0.59 during trading on Friday, hitting $62.40. The company had a trading volume of 745,098 shares, compared to its average volume of 920,922. The company has a market cap of $10.10 billion, a P/E ratio of 17.18 and a beta of 0.86. The company has a fifty day moving average price of $61.13 and a two-hundred day moving average price of $58.94. Fidelity High Dividend ETF has a fifty-two week low of $52.86 and a fifty-two week high of $62.71.
Institutional Investors Weigh In On Fidelity High Dividend ETF
Hedge funds have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec bought a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $25,000. Monetary Solutions Ltd acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $26,000. Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the second quarter valued at about $27,000. Optima Capital LLC acquired a new position in Fidelity High Dividend ETF in the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC acquired a new stake in Fidelity High Dividend ETF in the first quarter worth $36,000.
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.
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