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

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

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at about $25,000. Birchwood Financial Partners Inc. purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $49,000. Fifth Third Bancorp purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at approximately $53,000. Finally, MWA Asset Management acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 1st quarter worth approximately $54,000.

Fidelity Dividend ETF for Rising Rates Trading Up 0.6%

Shares of NYSEARCA:FDRR traded up $0.38 during trading on Thursday, reaching $67.38. The stock had a trading volume of 8,580 shares, compared to its average volume of 18,505. The firm’s 50-day simple moving average is $66.11 and its 200 day simple moving average is $63.24. Fidelity Dividend ETF for Rising Rates has a one year low of $54.38 and a one year high of $68.04. The company has a market capitalization of $734.49 million, a P/E ratio of 17.77 and a beta of 0.88.

About Fidelity Dividend ETF for Rising Rates

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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.

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