Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 25,618 shares, an increase of 206.3% from the September 15th total of 8,363 shares. Based on an average daily volume of 31,690 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.
Fidelity Dividend ETF for Rising Rates Stock Performance
Shares of NYSEARCA:FDRR remained flat at $69.66 on Tuesday. The stock had a trading volume of 12,234 shares, compared to its average volume of 18,974. Fidelity Dividend ETF for Rising Rates has a 1 year low of $57.18 and a 1 year high of $70.70. The business has a 50 day moving average price of $69.44 and a 200 day moving average price of $66.20. The company has a market capitalization of $766.26 million, a P/E ratio of 17.77 and a beta of 0.88.
Institutional Trading of Fidelity Dividend ETF for Rising Rates
A number of institutional investors have recently made changes to their positions in FDRR. Midwest Financial Network LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 149.9% in the 3rd quarter. Midwest Financial Network LLC now owns 50,907 shares of the company’s stock valued at $3,471,000 after acquiring an additional 30,533 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 25.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 130,209 shares of the company’s stock worth $8,448,000 after acquiring an additional 26,281 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 2.4% in the second quarter. Integrated Wealth Concepts LLC now owns 9,538 shares of the company’s stock valued at $619,000 after purchasing an additional 228 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the 2nd quarter. NewEdge Advisors LLC now owns 88,964 shares of the company’s stock worth $5,772,000 after buying an additional 533 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 93.1% in the 2nd quarter. Citadel Advisors LLC now owns 42,450 shares of the company’s stock valued at $2,754,000 after acquiring an additional 20,466 shares during 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.
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