Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Update

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 301,455 shares, a decline of 32.3% from the August 15th total of 445,335 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 675,099 shares, the short-interest ratio is presently 0.4 days.

Fidelity High Dividend ETF Stock Down 1.2%

Shares of NYSEARCA:FDVV opened at $62.04 on Friday. The company’s 50 day moving average price is $63.00 and its two-hundred day moving average price is $60.32. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.54. The firm has a market cap of $9.98 billion, a PE ratio of 17.18 and a beta of 0.86.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Large investors have recently added to or reduced their stakes in the stock. North Star Asset Management Inc. purchased a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $482,000. Rooted Wealth Advisors Inc. purchased a new position in Fidelity High Dividend ETF in the fourth quarter valued at approximately $12,209,000. Gaddis Premier Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at $660,000. RCS Financial Planning LLC bought a new position in Fidelity High Dividend ETF during the first quarter valued at $570,000. Finally, Koshinski Asset Management Inc. grew its holdings in Fidelity High Dividend ETF by 32.3% during the first quarter. Koshinski Asset Management Inc. now owns 71,866 shares of the company’s stock valued at $3,970,000 after purchasing an additional 17,558 shares during the period.

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.