Short Interest in Fidelity International High Dividend ETF (NYSEARCA:FIDI) Declines By 69.2%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 25,237 shares, a decrease of 69.2% from the May 14th total of 82,036 shares. Based on an average trading volume of 56,407 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity International High Dividend ETF

Several hedge funds have recently modified their holdings of FIDI. NewEdge Advisors LLC bought a new stake in shares of Fidelity International High Dividend ETF in the first quarter valued at approximately $413,000. JPMorgan Chase & Co. lifted its position in Fidelity International High Dividend ETF by 138.0% in the second quarter. JPMorgan Chase & Co. now owns 65,974 shares of the company’s stock worth $1,537,000 after purchasing an additional 38,250 shares during the period. Raymond James Financial Inc. lifted its position in Fidelity International High Dividend ETF by 13.6% in the second quarter. Raymond James Financial Inc. now owns 11,711 shares of the company’s stock worth $273,000 after purchasing an additional 1,398 shares during the period. Bank of America Corp DE lifted its position in Fidelity International High Dividend ETF by 78.6% in the second quarter. Bank of America Corp DE now owns 66,575 shares of the company’s stock worth $1,551,000 after purchasing an additional 29,298 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in Fidelity International High Dividend ETF in the third quarter worth $223,000.

Fidelity International High Dividend ETF Stock Performance

Shares of FIDI traded up $0.14 during mid-day trading on Thursday, hitting $28.04. The company’s stock had a trading volume of 33,214 shares, compared to its average volume of 94,402. Fidelity International High Dividend ETF has a one year low of $22.45 and a one year high of $28.94. The firm has a market capitalization of $316.85 million, a PE ratio of 13.70 and a beta of 0.56. The stock’s 50-day moving average is $28.14 and its two-hundred day moving average is $27.27.

About Fidelity International High Dividend ETF

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.