Short Interest in Fidelity International High Dividend ETF (NYSEARCA:FIDI) Declines By 69.2%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 25,237 shares, a decline of 69.2% from the May 14th total of 82,036 shares. Based on an average daily trading volume, of 56,407 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity International High Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of FIDI. Advisory Services Network LLC purchased a new position in shares of Fidelity International High Dividend ETF during the third quarter valued at about $86,000. Ameritas Advisory Services LLC increased its stake in shares of Fidelity International High Dividend ETF by 112.3% during the third quarter. Ameritas Advisory Services LLC now owns 6,410 shares of the company’s stock valued at $157,000 after purchasing an additional 3,390 shares in the last quarter. PFG Investments LLC bought a new position in shares of Fidelity International High Dividend ETF during the first quarter valued at approximately $203,000. Envestnet Asset Management Inc. bought a new position in shares of Fidelity International High Dividend ETF during the third quarter valued at approximately $223,000. Finally, Pathfinder Wealth Consulting Inc. bought a new position in shares of Fidelity International High Dividend ETF during the fourth quarter valued at approximately $254,000.

Fidelity International High Dividend ETF Stock Performance

Shares of NYSEARCA FIDI traded up $0.03 during midday trading on Friday, hitting $28.45. 56,580 shares of the company traded hands, compared to its average volume of 94,391. Fidelity International High Dividend ETF has a 12-month low of $22.45 and a 12-month high of $28.94. The stock has a 50-day moving average price of $28.17 and a 200 day moving average price of $27.31. The firm has a market cap of $321.49 million, a P/E ratio of 13.70 and a beta of 0.56.

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.