Short Interest in Fidelity International High Dividend ETF (NYSEARCA:FIDI) Decreases By 84.1%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 25,557 shares, a decline of 84.1% from the July 15th total of 160,624 shares. Based on an average daily trading volume, of 55,115 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity International High Dividend ETF Price Performance

Shares of NYSEARCA:FIDI traded up $0.15 during mid-day trading on Friday, reaching $29.41. 82,703 shares of the company traded hands, compared to its average volume of 85,860. The company’s 50 day moving average price is $28.22 and its 200-day moving average price is $28.04. The firm has a market cap of $364.68 million, a PE ratio of 13.70 and a beta of 0.56. Fidelity International High Dividend ETF has a 52 week low of $23.92 and a 52 week high of $29.53.

Hedge Funds Weigh In On Fidelity International High Dividend ETF

A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Fidelity International High Dividend ETF in the 3rd quarter worth $86,000. PFG Investments LLC purchased a new stake in Fidelity International High Dividend ETF in the first quarter worth $203,000. Envestnet Asset Management Inc. purchased a new position in Fidelity International High Dividend ETF in the 3rd quarter worth about $223,000. Pathfinder Wealth Consulting Inc. purchased a new position in shares of Fidelity International High Dividend ETF during the fourth quarter worth approximately $254,000. Finally, Raymond James Financial Inc. raised its position in Fidelity International High Dividend ETF by 13.6% during the 2nd quarter. Raymond James Financial Inc. now owns 11,711 shares of the company’s stock valued at $273,000 after purchasing an additional 1,398 shares in the last quarter.

Fidelity International High Dividend ETF Company Profile

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.