Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Down 32.3% in August

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 301,455 shares, a decline of 32.3% from the August 15th total of 445,335 shares. Based on an average trading volume of 675,099 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Fidelity High Dividend ETF

Hedge funds have recently made changes to their positions in the company. Capital Analysts LLC grew its position in Fidelity High Dividend ETF by 23.3% in the second quarter. Capital Analysts LLC now owns 34,765 shares of the company’s stock worth $2,096,000 after acquiring an additional 6,580 shares during the period. RFG Advisory LLC purchased a new stake in Fidelity High Dividend ETF in the second quarter valued at $206,000. IFP Advisors Inc raised its position in Fidelity High Dividend ETF by 2.2% in the second quarter. IFP Advisors Inc now owns 263,334 shares of the company’s stock valued at $15,876,000 after purchasing an additional 5,604 shares during the period. Centerline Wealth Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF by 3.9% in the 2nd quarter. Centerline Wealth Advisors LLC now owns 135,983 shares of the company’s stock valued at $8,198,000 after purchasing an additional 5,110 shares during the last quarter. Finally, XY Planning Network Inc. purchased a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth $567,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV traded up $0.65 during mid-day trading on Thursday, reaching $62.82. The stock had a trading volume of 430,138 shares, compared to its average volume of 877,685. Fidelity High Dividend ETF has a 52-week low of $53.77 and a 52-week high of $64.54. The business’s fifty day moving average is $62.98 and its 200 day moving average is $60.28. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.