Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Update

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 112,519 shares, a decline of 58.5% from the April 30th total of 270,873 shares. Based on an average trading volume of 706,271 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Several large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in shares of Fidelity High Dividend ETF by 330.2% in the first quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock valued at $131,000 after purchasing an additional 1,816 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in shares of Fidelity High Dividend ETF by 23.7% in the first quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock valued at $4,651,000 after purchasing an additional 16,146 shares during the period. Leigh Baldwin & CO. LLC increased its stake in shares of Fidelity High Dividend ETF by 10.5% in the first quarter. Leigh Baldwin & CO. LLC now owns 16,769 shares of the company’s stock valued at $926,000 after purchasing an additional 1,593 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the first quarter valued at approximately $129,000. Finally, McIlrath & Eck LLC increased its stake in shares of Fidelity High Dividend ETF by 8.3% in the first quarter. McIlrath & Eck LLC now owns 736,989 shares of the company’s stock valued at $40,711,000 after purchasing an additional 56,295 shares during the period.

Fidelity High Dividend ETF Stock Up 0.9%

FDVV stock traded up $0.55 during midday trading on Friday, reaching $61.64. The company had a trading volume of 660,809 shares, compared to its average volume of 972,859. The stock has a 50 day moving average price of $58.02 and a 200 day moving average price of $57.63. Fidelity High Dividend ETF has a fifty-two week low of $49.84 and a fifty-two week high of $61.73. The firm has a market capitalization of $9.59 billion, a PE ratio of 17.18 and a beta of 0.86.

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.