Fidelity International High Dividend ETF (NYSEARCA:FIDI) Short Interest Down 84.1% in July

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 25,557 shares, a decline of 84.1% from the July 15th total of 160,624 shares. Based on an average daily volume of 55,115 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in Fidelity International High Dividend ETF during the 3rd quarter valued at about $1,868,000. Fullerton Advisors LLC bought a new position in Fidelity International High Dividend ETF during the 4th quarter worth approximately $1,334,000. Bank of America Corp DE lifted its position in Fidelity International High Dividend ETF by 62.4% in the third quarter. Bank of America Corp DE now owns 108,104 shares of the company’s stock valued at $2,645,000 after purchasing an additional 41,529 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Fidelity International High Dividend ETF by 138.0% in the second quarter. JPMorgan Chase & Co. now owns 65,974 shares of the company’s stock valued at $1,537,000 after purchasing an additional 38,250 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Fidelity International High Dividend ETF by 164.9% during the fourth quarter. IFP Advisors Inc now owns 38,628 shares of the company’s stock valued at $1,001,000 after purchasing an additional 24,047 shares during the period.

Fidelity International High Dividend ETF Stock Down 0.2%

Shares of Fidelity International High Dividend ETF stock traded down $0.06 during trading on Wednesday, hitting $29.18. 15,742 shares of the stock traded hands, compared to its average volume of 86,017. The stock has a market cap of $361.83 million, a price-to-earnings ratio of 13.70 and a beta of 0.56. The firm’s fifty day moving average is $28.17 and its 200-day moving average is $28.01. Fidelity International High Dividend ETF has a 52 week low of $23.92 and a 52 week high of $29.53.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.