Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Down 32.3% in August

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 301,455 shares, a decline of 32.3% from the August 15th total of 445,335 shares. Based on an average daily volume of 675,099 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in Fidelity High Dividend ETF by 36.8% during the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after acquiring an additional 1,655,768 shares in the last quarter. Retirement Planning Group LLC increased its holdings in shares of Fidelity High Dividend ETF by 9.4% in the first quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock valued at $139,898,000 after purchasing an additional 217,772 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Fidelity High Dividend ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock valued at $130,765,000 after purchasing an additional 104,028 shares during the last quarter. Cetera Investment Advisers lifted its position in Fidelity High Dividend ETF by 15.7% during the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after buying an additional 273,148 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Fidelity High Dividend ETF by 12.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,088,010 shares of the company’s stock worth $61,679,000 after buying an additional 121,663 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV traded up $0.65 during mid-day trading on Thursday, hitting $62.82. The stock had a trading volume of 430,138 shares, compared to its average volume of 877,685. The firm’s 50 day moving average is $62.98 and its 200 day moving average is $60.28. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54.

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.