Fidelity International High Dividend ETF (NYSEARCA:FIDI) Sees Large Growth in Short Interest

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 36,598 shares, a growth of 105.7% from the September 30th total of 17,792 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 50,063 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity International High Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC raised its stake in shares of Fidelity International High Dividend ETF by 179.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 124,746 shares of the company’s stock worth $3,468,000 after buying an additional 80,160 shares in the last quarter. Arwa LLC boosted its stake in Fidelity International High Dividend ETF by 5.4% during the third quarter. Arwa LLC now owns 19,931 shares of the company’s stock valued at $564,000 after buying an additional 1,015 shares in the last quarter. IFP Advisors Inc boosted its stake in Fidelity International High Dividend ETF by 4.7% during the third quarter. IFP Advisors Inc now owns 43,075 shares of the company’s stock valued at $1,197,000 after buying an additional 1,952 shares in the last quarter. Mosley Wealth Management bought a new position in Fidelity International High Dividend ETF during the third quarter valued at about $69,000. Finally, Midwest Financial Network LLC acquired a new position in Fidelity International High Dividend ETF during the third quarter worth about $365,000.

Fidelity International High Dividend ETF Price Performance

Shares of NYSEARCA FIDI traded up $0.06 during mid-day trading on Friday, reaching $28.96. 59,367 shares of the company traded hands, compared to its average volume of 80,224. Fidelity International High Dividend ETF has a fifty-two week low of $24.20 and a fifty-two week high of $29.73. The firm has a market cap of $399.65 million, a PE ratio of 13.70 and a beta of 0.57. The stock has a fifty day simple moving average of $28.73 and a 200-day simple moving average of $28.19.

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.