Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Grows By 108.8%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 445,335 shares, an increase of 108.8% from the July 30th total of 213,305 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 803,070 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its position in Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after purchasing an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Fidelity High Dividend ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after purchasing an additional 75,387 shares during the period. Retirement Planning Group LLC raised its stake in shares of Fidelity High Dividend ETF by 9.4% during the 1st quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock worth $139,898,000 after purchasing an additional 217,772 shares during the period. Morgan Stanley boosted its holdings in shares of Fidelity High Dividend ETF by 7.6% in the 4th quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock worth $142,860,000 after buying an additional 177,157 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Fidelity High Dividend ETF by 4.6% during the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock valued at $130,765,000 after buying an additional 104,028 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $63.22 on Friday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 17.18 and a beta of 0.86. The company has a 50-day moving average price of $62.43 and a 200-day moving average price of $59.95. Fidelity High Dividend ETF has a 1 year low of $53.77 and a 1 year high of $64.54.

Fidelity High Dividend ETF Company Profile

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.