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

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 424,371 shares, a drop of 59.1% from the January 15th total of 1,037,723 shares. Based on an average trading volume of 1,086,785 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 1,086,785 shares, the short-interest ratio is presently 0.4 days.

Fidelity High Dividend ETF Stock Down 1.5%

FDVV stock traded down $0.87 during mid-day trading on Thursday, reaching $59.03. 1,046,591 shares of the company traded hands, compared to its average volume of 1,109,321. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The firm’s 50 day moving average price is $57.49 and its 200 day moving average price is $56.11. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $60.12.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Large investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC grew its holdings in shares of Fidelity High Dividend ETF by 34.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after acquiring an additional 6,102 shares during the period. Allworth Financial LP lifted its stake in Fidelity High Dividend ETF by 4.8% during the 2nd quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock valued at $28,506,000 after acquiring an additional 25,216 shares during the period. Advyzon Investment Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth $344,000. Dentgroup LLC raised its position in Fidelity High Dividend ETF by 35.6% in the third quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock worth $11,372,000 after acquiring an additional 53,547 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity High Dividend ETF in the second quarter worth about $626,000.

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.