Short Interest in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Expands By 126.7%

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 6,800 shares, an increase of 126.7% from the September 15th total of 3,000 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional raised its position in shares of Fidelity Dividend ETF for Rising Rates by 32.4% during the second quarter. CX Institutional now owns 772 shares of the company’s stock valued at $42,000 after buying an additional 189 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the second quarter worth $94,000. Dentgroup LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the second quarter worth $232,000. Fifth Third Securities Inc. bought a new stake in Fidelity Dividend ETF for Rising Rates in the third quarter worth $339,000. Finally, Creative Financial Designs Inc. ADV increased its position in Fidelity Dividend ETF for Rising Rates by 16.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,065 shares of the company’s stock worth $353,000 after purchasing an additional 1,007 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Fidelity Dividend ETF for Rising Rates stock opened at $59.20 on Wednesday. The stock has a market cap of $627.52 million, a P/E ratio of 17.77 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.06 and a 1 year high of $59.53. The firm’s 50 day moving average price is $57.91 and its 200-day moving average price is $53.98.

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.