Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Down 47.0% in July

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 213,305 shares, a drop of 47.0% from the July 15th total of 402,777 shares. Based on an average daily volume of 776,020 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in shares of Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after buying an additional 1,655,768 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Fidelity High Dividend ETF by 62.2% in the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after purchasing an additional 635,591 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares during the last quarter. Baer Investment Advisory LLC purchased a new position in shares of Fidelity High Dividend ETF in the first quarter worth $30,326,000. Finally, Royal Bank of Canada lifted its holdings in shares of Fidelity High Dividend ETF by 246.4% during the first quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after purchasing an additional 423,383 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV traded down $0.06 during mid-day trading on Tuesday, reaching $63.58. The company had a trading volume of 543,648 shares, compared to its average volume of 906,925. The firm has a 50-day moving average price of $62.02 and a 200 day moving average price of $59.66. Fidelity High Dividend ETF has a 52 week low of $53.77 and a 52 week high of $64.54. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.