Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Grows By 108.8%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 445,335 shares, a growth of 108.8% from the July 30th total of 213,305 shares. Based on an average trading volume of 803,070 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $63.22 on Friday. The stock has a market cap of $10.26 billion, a P/E ratio of 17.18 and a beta of 0.86. The company has a fifty day moving average price of $62.43 and a two-hundred day moving average price of $59.95. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54.

Institutional Trading of Fidelity High Dividend ETF

Several hedge funds have recently added to or reduced their stakes in FDVV. Federation des caisses Desjardins du Quebec bought a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000. Global Assets Advisory LLC acquired a new position in shares of Fidelity High Dividend ETF in the 1st quarter valued at about $36,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Fidelity High Dividend ETF by 641.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock valued at $47,000 after purchasing an additional 706 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.