Short Interest in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Increases By 84.1%

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 26,145 shares, a growth of 84.1% from the June 30th total of 14,202 shares. Based on an average daily trading volume, of 15,008 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the company’s stock are short sold.

Fidelity Dividend ETF for Rising Rates Trading Up 0.5%

Fidelity Dividend ETF for Rising Rates stock traded up $0.34 during trading hours on Friday, hitting $67.80. 12,186 shares of the stock traded hands, compared to its average volume of 18,513. The firm’s 50-day moving average price is $66.20 and its two-hundred day moving average price is $63.31. The company has a market cap of $739.02 million, a PE ratio of 17.77 and a beta of 0.88. Fidelity Dividend ETF for Rising Rates has a one year low of $54.38 and a one year high of $68.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. RCS Financial Planning LLC purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter valued at $810,000. CWM LLC boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 22.0% during the 4th quarter. CWM LLC now owns 92,308 shares of the company’s stock valued at $5,633,000 after buying an additional 16,633 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 70,725.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after buying an additional 741,204 shares during the period. Kestra Advisory Services LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 32.0% in the 1st quarter. Kestra Advisory Services LLC now owns 66,941 shares of the company’s stock worth $3,936,000 after buying an additional 16,217 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 456.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock worth $2,953,000 after acquiring an additional 39,697 shares in the last quarter.

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.