Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Decline in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 213,305 shares, a decline of 47.0% from the July 15th total of 402,777 shares. Based on an average trading volume of 776,020 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co raised its stake in shares of Fidelity High Dividend ETF by 2.4% during the 4th quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock valued at $431,000 after buying an additional 175 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in Fidelity High Dividend ETF by 4.5% during the fourth quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock worth $236,000 after acquiring an additional 179 shares during the period. Harbor Asset Planning Inc. grew its holdings in Fidelity High Dividend ETF by 0.8% during the first quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock worth $1,261,000 after acquiring an additional 182 shares during the period. Focus Financial Network Inc. raised its position in Fidelity High Dividend ETF by 2.0% during the second quarter. Focus Financial Network Inc. now owns 12,174 shares of the company’s stock valued at $734,000 after acquiring an additional 238 shares in the last quarter. Finally, Sweeney & Michel LLC raised its position in Fidelity High Dividend ETF by 1.4% during the first quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock valued at $1,034,000 after acquiring an additional 245 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.2%

Shares of FDVV stock traded down $0.13 during trading hours on Friday, hitting $64.20. The company’s stock had a trading volume of 543,915 shares, compared to its average volume of 908,523. The stock has a market cap of $10.42 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.54. The company has a 50 day moving average of $61.96 and a 200 day moving average of $59.62.

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.