Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Stock Short Interest Report for October

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 3,724 shares, a decline of 80.6% from the October 15th total of 19,230 shares. Based on an average daily trading volume, of 25,418 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Fidelity Dividend ETF for Rising Rates Stock Down 0.3%

Shares of Fidelity Dividend ETF for Rising Rates stock traded down $0.23 during trading hours on Thursday, hitting $67.94. The company’s stock had a trading volume of 11,829 shares, compared to its average volume of 19,395. Fidelity Dividend ETF for Rising Rates has a 1-year low of $57.18 and a 1-year high of $70.70. The business has a fifty day moving average of $69.02 and a 200 day moving average of $65.51. The company has a market capitalization of $757.58 million, a PE ratio of 20.10 and a beta of 0.90.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 93.1% in the 2nd quarter. Citadel Advisors LLC now owns 42,450 shares of the company’s stock valued at $2,754,000 after purchasing an additional 20,466 shares in the last quarter. Midwest Financial Network LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 149.9% during the third quarter. Midwest Financial Network LLC now owns 50,907 shares of the company’s stock worth $3,471,000 after purchasing an additional 30,533 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth about $745,000. Kestra Advisory Services LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 32.0% during the first quarter. Kestra Advisory Services LLC now owns 66,941 shares of the company’s stock worth $3,936,000 after purchasing an additional 16,217 shares in the last quarter. Finally, Landaas & Co. WI ADV purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the third quarter worth about $751,000.

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.