Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Decrease in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 31,227 shares, a decline of 79.6% from the June 15th total of 153,352 shares. Based on an average trading volume of 807,623 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock traded up $0.37 during trading hours on Friday, hitting $62.14. 727,081 shares of the stock traded hands, compared to its average volume of 928,583. The firm’s 50 day moving average price is $60.56 and its 200-day moving average price is $58.57. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1 year low of $52.48 and a 1 year high of $62.23.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Base Wealth Management LLC lifted its holdings in Fidelity High Dividend ETF by 27.5% in the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after purchasing an additional 31,041 shares in the last quarter. North Star Asset Management Inc. purchased a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $482,000. Savvy Advisors Inc. raised its position in shares of Fidelity High Dividend ETF by 55.6% in the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after buying an additional 18,037 shares during the last quarter. Sovran Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 214.7% in the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock valued at $1,999,000 after buying an additional 23,725 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after buying an additional 36,855 shares during the last quarter.

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.