Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Significant Increase in Short Interest

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 25,618 shares, a growth of 206.3% from the September 15th total of 8,363 shares. Based on an average trading volume of 31,690 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Fidelity Dividend ETF for Rising Rates Stock Performance

NYSEARCA:FDRR opened at $69.66 on Wednesday. The company has a market capitalization of $773.23 million, a P/E ratio of 17.77 and a beta of 0.88. The firm has a 50-day moving average price of $69.44 and a two-hundred day moving average price of $66.27. Fidelity Dividend ETF for Rising Rates has a twelve month low of $57.18 and a twelve month high of $70.70.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Several large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 52.3% in the second quarter. Ameritas Advisory Services LLC now owns 1,092,623 shares of the company’s stock worth $70,889,000 after acquiring an additional 375,226 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 1.8% in the first quarter. Private Advisor Group LLC now owns 169,275 shares of the company’s stock valued at $9,954,000 after acquiring an additional 2,984 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 25.3% in the second quarter. Envestnet Asset Management Inc. now owns 130,209 shares of the company’s stock valued at $8,448,000 after acquiring an additional 26,281 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. NewEdge Advisors LLC now owns 88,964 shares of the company’s stock valued at $5,772,000 after acquiring an additional 533 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 23.9% during the first quarter. Cetera Investment Advisers now owns 76,802 shares of the company’s stock valued at $4,516,000 after acquiring an additional 14,805 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Company Profile

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.