Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Drops By 47.0%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 213,305 shares, a decrease of 47.0% from the July 15th total of 402,777 shares. Based on an average daily trading volume, of 776,020 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV traded down $0.56 on Monday, hitting $63.64. 1,022,620 shares of the stock traded hands, compared to its average volume of 909,259. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54. The company has a market capitalization of $10.33 billion, a PE ratio of 17.18 and a beta of 0.86. The business has a 50 day simple moving average of $62.02 and a 200 day simple moving average of $59.66.

Institutional Trading of Fidelity High Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Fidelity High Dividend ETF by 62.2% in the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after buying an additional 635,591 shares during the last quarter. Bank of America Corp DE boosted its position in Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares during the last quarter. Baer Investment Advisory LLC bought a new stake in Fidelity High Dividend ETF during the first quarter valued at approximately $30,326,000. Finally, Royal Bank of Canada grew its position in shares of Fidelity High Dividend ETF by 246.4% during the 1st quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after acquiring an additional 423,383 shares during the period.

About Fidelity High Dividend ETF

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.