Short Interest in Fidelity International High Dividend ETF (NYSEARCA:FIDI) Increases By 679.7%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 160,624 shares, a growth of 679.7% from the June 30th total of 20,601 shares. Based on an average daily volume of 86,071 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIDI. Fullerton Advisors LLC purchased a new stake in Fidelity International High Dividend ETF during the fourth quarter valued at approximately $1,334,000. IFP Advisors Inc boosted its holdings in shares of Fidelity International High Dividend ETF by 164.9% in the 4th quarter. IFP Advisors Inc now owns 38,628 shares of the company’s stock worth $1,001,000 after purchasing an additional 24,047 shares during the period. Plus Group Wealth Advisors LLC purchased a new position in shares of Fidelity International High Dividend ETF in the 4th quarter worth approximately $582,000. Beam Wealth Advisors Inc. increased its position in shares of Fidelity International High Dividend ETF by 25.5% during the 1st quarter. Beam Wealth Advisors Inc. now owns 98,266 shares of the company’s stock valued at $2,713,000 after purchasing an additional 19,943 shares during the last quarter. Finally, Arwa LLC bought a new position in shares of Fidelity International High Dividend ETF during the 4th quarter valued at approximately $344,000.

Fidelity International High Dividend ETF Stock Up 0.8%

Shares of NYSEARCA:FIDI opened at $28.69 on Friday. The firm has a fifty day simple moving average of $27.97 and a two-hundred day simple moving average of $27.77. Fidelity International High Dividend ETF has a 52 week low of $23.12 and a 52 week high of $28.94. The stock has a market capitalization of $355.76 million, a P/E ratio of 13.70 and a beta of 0.56.

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.