Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Large Growth in Short Interest

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 12,096 shares, an increase of 75.8% from the January 15th total of 6,881 shares. Based on an average daily trading volume, of 17,447 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,447 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

Several hedge funds and other institutional investors have recently made changes to their positions in FDRR. Kestra Advisory Services LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 48.7% in the 4th quarter. Kestra Advisory Services LLC now owns 50,724 shares of the company’s stock valued at $3,095,000 after purchasing an additional 16,612 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 990.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,101 shares of the company’s stock worth $67,000 after buying an additional 1,000 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 73.6% in the 4th quarter. Jane Street Group LLC now owns 6,371 shares of the company’s stock valued at $389,000 after acquiring an additional 2,701 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 30.1% during the 4th quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after acquiring an additional 80,360 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $25,000.

Fidelity Dividend ETF for Rising Rates Trading Down 0.2%

Fidelity Dividend ETF for Rising Rates stock traded down $0.13 during midday trading on Friday, reaching $61.95. The company’s stock had a trading volume of 15,702 shares, compared to its average volume of 19,450. The stock has a market cap of $675.26 million, a PE ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.06 and a 52 week high of $63.34. The business has a 50-day moving average price of $61.62 and a 200-day moving average price of $59.51.

About Fidelity Dividend ETF for Rising Rates

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.