Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Update

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 77,835 shares, a decrease of 73.9% from the February 26th total of 297,742 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,128,656 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,128,656 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Fidelity High Dividend ETF Trading Up 0.7%

Shares of FDVV traded up $0.36 during mid-day trading on Wednesday, reaching $55.09. The company had a trading volume of 934,707 shares, compared to its average volume of 1,110,082. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The firm has a fifty day simple moving average of $57.93 and a 200-day simple moving average of $56.77. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $60.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Dentgroup LLC increased its position in Fidelity High Dividend ETF by 35.6% during the 3rd quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock worth $11,372,000 after purchasing an additional 53,547 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Fidelity High Dividend ETF in the second quarter valued at approximately $626,000. Advisory Services Network LLC lifted its position in Fidelity High Dividend ETF by 15.3% during the second quarter. Advisory Services Network LLC now owns 157,024 shares of the company’s stock valued at $8,405,000 after buying an additional 20,797 shares in the last quarter. Global Retirement Partners LLC lifted its position in Fidelity High Dividend ETF by 23.4% during the third quarter. Global Retirement Partners LLC now owns 92,881 shares of the company’s stock valued at $5,174,000 after buying an additional 17,608 shares in the last quarter. Finally, Centerline Wealth Advisors LLC grew its stake in Fidelity High Dividend ETF by 42.5% during the third quarter. Centerline Wealth Advisors LLC now owns 95,324 shares of the company’s stock worth $5,310,000 after buying an additional 28,410 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.