Fidelity International High Dividend ETF (NYSEARCA:FIDI) Sees Large Decline in Short Interest

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,557 shares, a decrease of 84.1% from the July 15th total of 160,624 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 55,115 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Fidelity International High Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Plus Group Wealth Advisors LLC purchased a new stake in Fidelity International High Dividend ETF in the fourth quarter valued at approximately $582,000. Fullerton Advisors LLC purchased a new position in Fidelity International High Dividend ETF during the fourth quarter worth approximately $1,334,000. IFP Advisors Inc raised its stake in Fidelity International High Dividend ETF by 164.9% during the fourth quarter. IFP Advisors Inc now owns 38,628 shares of the company’s stock worth $1,001,000 after purchasing an additional 24,047 shares during the period. Beam Wealth Advisors Inc. boosted its holdings in shares of Fidelity International High Dividend ETF by 25.5% in the 1st quarter. Beam Wealth Advisors Inc. now owns 98,266 shares of the company’s stock valued at $2,713,000 after purchasing an additional 19,943 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in shares of Fidelity International High Dividend ETF in the 1st quarter valued at $203,000.

Fidelity International High Dividend ETF Stock Performance

NYSEARCA FIDI traded up $0.07 during mid-day trading on Thursday, reaching $29.26. 35,101 shares of the stock were exchanged, compared to its average volume of 85,881. The stock has a market capitalization of $362.82 million, a PE ratio of 13.70 and a beta of 0.56. Fidelity International High Dividend ETF has a 1-year low of $23.92 and a 1-year high of $29.53. The business’s fifty day simple moving average is $28.22 and its 200 day simple moving average is $28.04.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.