Fidelity High Dividend ETF (NYSEARCA:FDVV) Stock Short Interest Falls 70.5%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 95,069 shares, a decline of 70.5% from the October 15th total of 322,539 shares. Based on an average daily trading volume, of 588,038 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Fidelity High Dividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FDVV. Oakworth Capital Inc. purchased a new position in Fidelity High Dividend ETF during the 3rd quarter worth $42,000. Horrell Capital Management Inc. purchased a new stake in Fidelity High Dividend ETF in the third quarter valued at about $46,000. Russell Investments Group Ltd. boosted its holdings in Fidelity High Dividend ETF by 1,001.4% in the third quarter. Russell Investments Group Ltd. now owns 782 shares of the company’s stock worth $48,000 after acquiring an additional 711 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Fidelity High Dividend ETF in the first quarter worth about $56,000. Finally, Godfrey Financial Associates Inc. grew its stake in shares of Fidelity High Dividend ETF by 14.0% during the third quarter. Godfrey Financial Associates Inc. now owns 1,425 shares of the company’s stock worth $87,000 after acquiring an additional 175 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV remained flat at $62.36 during trading hours on Friday. 561,484 shares of the company traded hands, compared to its average volume of 839,941. The firm has a market capitalization of $10.49 billion, a P/E ratio of 18.94 and a beta of 0.86. Fidelity High Dividend ETF has a 1 year low of $53.77 and a 1 year high of $64.54. The firm’s 50 day simple moving average is $62.08 and its two-hundred day simple moving average is $60.47.

Fidelity High Dividend ETF Company Profile

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.