Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Drops By 58.5%

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 112,519 shares, a decline of 58.5% from the April 30th total of 270,873 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 706,271 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Fidelity High Dividend ETF

A number of large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in shares of Fidelity High Dividend ETF by 330.2% during the first quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock worth $131,000 after buying an additional 1,816 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in Fidelity High Dividend ETF by 23.7% in the first quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock valued at $4,651,000 after purchasing an additional 16,146 shares during the last quarter. Leigh Baldwin & CO. LLC increased its stake in Fidelity High Dividend ETF by 10.5% in the first quarter. Leigh Baldwin & CO. LLC now owns 16,769 shares of the company’s stock valued at $926,000 after purchasing an additional 1,593 shares during the last quarter. Western Wealth Management LLC purchased a new position in Fidelity High Dividend ETF in the first quarter valued at approximately $129,000. Finally, McIlrath & Eck LLC increased its stake in Fidelity High Dividend ETF by 8.3% in the first quarter. McIlrath & Eck LLC now owns 736,989 shares of the company’s stock valued at $40,711,000 after purchasing an additional 56,295 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV traded down $0.02 during midday trading on Tuesday, hitting $61.62. The company’s stock had a trading volume of 862,279 shares, compared to its average volume of 971,806. The business’s fifty day simple moving average is $58.14 and its two-hundred day simple moving average is $57.66. Fidelity High Dividend ETF has a 1 year low of $49.97 and a 1 year high of $61.80. The firm has a market capitalization of $9.58 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.