Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Up 45.6% in January

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,037,723 shares, an increase of 45.6% from the December 31st total of 712,962 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,122,354 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 1,122,354 shares, the short-interest ratio is presently 0.9 days. Currently, 0.7% of the company’s shares are short sold.

Fidelity High Dividend ETF Trading Up 0.0%

Shares of FDVV opened at $58.14 on Friday. The stock’s 50-day moving average price is $57.04 and its two-hundred day moving average price is $55.79. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $58.36. The company has a market capitalization of $8.45 billion, a PE ratio of 17.18 and a beta of 0.92.

Institutional Trading of Fidelity High Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the second quarter worth $27,000. MB Levis & Associates LLC bought a new position in Fidelity High Dividend ETF during the second quarter worth $28,000. Evermay Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the second quarter valued at $31,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Fidelity High Dividend ETF during the second quarter valued at $32,000.

About Fidelity High Dividend ETF

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.