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

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 160,624 shares, an increase of 679.7% from the June 30th total of 20,601 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 86,071 shares, the days-to-cover ratio is currently 1.9 days.

Fidelity International High Dividend ETF Trading Up 0.8%

Shares of FIDI traded up $0.24 during mid-day trading on Friday, hitting $28.69. 23,610 shares of the company’s stock were exchanged, compared to its average volume of 88,834. Fidelity International High Dividend ETF has a fifty-two week low of $23.12 and a fifty-two week high of $28.94. The business’s 50 day moving average is $27.97 and its two-hundred day moving average is $27.77. The firm has a market capitalization of $355.76 million, a P/E ratio of 13.70 and a beta of 0.56.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KWB Wealth purchased a new position in Fidelity International High Dividend ETF during the 2nd quarter worth $288,000. Bank of America Corp DE lifted its stake in shares of Fidelity International High Dividend ETF by 14.4% in the 1st quarter. Bank of America Corp DE now owns 172,738 shares of the company’s stock worth $4,768,000 after acquiring an additional 21,693 shares during the period. Royal Bank of Canada boosted its holdings in shares of Fidelity International High Dividend ETF by 85.6% in the first quarter. Royal Bank of Canada now owns 44,079 shares of the company’s stock valued at $1,217,000 after acquiring an additional 20,333 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity International High Dividend ETF by 47.4% in the first quarter. Cetera Investment Advisers now owns 42,817 shares of the company’s stock valued at $1,182,000 after acquiring an additional 13,775 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. boosted its holdings 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 acquiring an additional 459 shares in the last quarter.

About Fidelity International High Dividend ETF

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.