Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Down 35.6% in August

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,250 shares, a decline of 35.6% from the August 15th total of 11,264 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 14,591 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in Fidelity Dividend ETF for Rising Rates by 2.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 9,538 shares of the company’s stock worth $619,000 after buying an additional 228 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. NewEdge Advisors LLC now owns 88,964 shares of the company’s stock valued at $5,772,000 after purchasing an additional 533 shares during the period. Citadel Advisors LLC boosted its position in Fidelity Dividend ETF for Rising Rates by 93.1% during the second quarter. Citadel Advisors LLC now owns 42,450 shares of the company’s stock worth $2,754,000 after acquiring an additional 20,466 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 52.3% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,623 shares of the company’s stock worth $70,889,000 after acquiring an additional 375,226 shares during the last quarter. Finally, Midwest Financial Network LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 60.6% during the second quarter. Midwest Financial Network LLC now owns 20,374 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,686 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Up 1.2%

NYSEARCA:FDRR traded up $0.85 on Thursday, reaching $70.02. 21,754 shares of the company’s stock traded hands, compared to its average volume of 18,022. The firm has a market cap of $763.22 million, a PE ratio of 17.77 and a beta of 0.88. Fidelity Dividend ETF for Rising Rates has a 12 month low of $57.18 and a 12 month high of $70.70. The stock has a 50-day simple moving average of $68.72 and a 200-day simple moving average of $65.08.

About Fidelity Dividend ETF for Rising Rates

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.