Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Growth in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 402,777 shares, an increase of 1,189.8% from the June 30th total of 31,227 shares. Based on an average daily trading volume, of 781,023 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity High Dividend ETF Price Performance

FDVV stock traded up $0.59 on Friday, reaching $62.40. 745,098 shares of the company were exchanged, compared to its average volume of 920,922. The firm has a market capitalization of $10.10 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $52.86 and a 12 month high of $62.71. The stock’s fifty day moving average price is $61.13 and its 200 day moving average price is $58.94.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. KWB Wealth bought a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at about $226,000. Redhawk Wealth Advisors Inc. lifted its position in shares of Fidelity High Dividend ETF by 4.0% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 48,107 shares of the company’s stock worth $2,900,000 after acquiring an additional 1,840 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Fidelity High Dividend ETF by 3.7% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,516 shares of the company’s stock valued at $755,000 after purchasing an additional 448 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Fidelity High Dividend ETF by 22.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 8,730 shares of the company’s stock worth $526,000 after purchasing an additional 1,600 shares during the period. Finally, Sapient Capital LLC boosted its stake in Fidelity High Dividend ETF by 20.1% during the second quarter. Sapient Capital LLC now owns 106,893 shares of the company’s stock worth $6,445,000 after buying an additional 17,854 shares in the last quarter.

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.