Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Up 75.8% in January

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 12,096 shares, an increase of 75.8% from the January 15th total of 6,881 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 17,447 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 17,447 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Dividend ETF for Rising Rates Price Performance

Fidelity Dividend ETF for Rising Rates stock traded down $0.13 during trading on Friday, reaching $61.95. 15,702 shares of the company were exchanged, compared to its average volume of 19,450. Fidelity Dividend ETF for Rising Rates has a 52-week low of $43.06 and a 52-week high of $63.34. The company has a market capitalization of $675.26 million, a P/E ratio of 17.77 and a beta of 0.91. The stock’s 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $59.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its position in Fidelity Dividend ETF for Rising Rates by 8.7% in the second quarter. Osaic Holdings Inc. now owns 122,308 shares of the company’s stock valued at $6,634,000 after purchasing an additional 9,747 shares during the period. CWM LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 31.3% during the 3rd quarter. CWM LLC now owns 75,675 shares of the company’s stock worth $4,436,000 after purchasing an additional 18,054 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Fidelity Dividend ETF for Rising Rates by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,601 shares of the company’s stock worth $2,202,000 after purchasing an additional 3,710 shares during the last quarter. Cetera Investment Advisers raised its holdings in Fidelity Dividend ETF for Rising Rates by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 41,764 shares of the company’s stock valued at $2,265,000 after buying an additional 2,275 shares during the period. Finally, Sykon Capital LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates in the 2nd quarter valued at about $526,000.

About Fidelity Dividend ETF for Rising Rates

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.