Fidelity International High Dividend ETF (NYSEARCA:FIDI) Sees Large Growth in Short Interest

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 36,598 shares, an increase of 105.7% from the September 30th total of 17,792 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 50,063 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity International High Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ball & Co Wealth Management Inc. boosted its stake in shares of Fidelity International High Dividend ETF by 3.3% in the first quarter. Ball & Co Wealth Management Inc. now owns 14,418 shares of the company’s stock valued at $398,000 after purchasing an additional 459 shares during the period. Arwa LLC boosted its position in Fidelity International High Dividend ETF by 5.4% in the 3rd quarter. Arwa LLC now owns 19,931 shares of the company’s stock valued at $564,000 after buying an additional 1,015 shares during the last quarter. Beacon Financial Group boosted its holdings in Fidelity International High Dividend ETF by 6.8% in the first quarter. Beacon Financial Group now owns 18,120 shares of the company’s stock valued at $500,000 after purchasing an additional 1,153 shares during the last quarter. IFP Advisors Inc grew its position in shares of Fidelity International High Dividend ETF by 4.7% during the third quarter. IFP Advisors Inc now owns 43,075 shares of the company’s stock worth $1,197,000 after buying an additional 1,952 shares in the last quarter. Finally, Mosley Wealth Management bought a new stake in shares of Fidelity International High Dividend ETF in the 3rd quarter worth about $69,000.

Fidelity International High Dividend ETF Stock Performance

Shares of FIDI traded up $0.06 during trading hours on Friday, hitting $28.96. The stock had a trading volume of 59,367 shares, compared to its average volume of 80,224. Fidelity International High Dividend ETF has a 12-month low of $24.20 and a 12-month high of $29.73. The firm has a market cap of $399.65 million, a P/E ratio of 13.70 and a beta of 0.57. The company’s fifty day simple moving average is $28.73 and its 200 day simple moving average is $28.19.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.