Fidelity International High Dividend ETF (NYSEARCA:FIDI) Sees Large Increase in Short Interest

Fidelity International High Dividend ETF (NYSEARCA:FIDI) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 36,598 shares, a growth of 105.7% from the September 30th total of 17,792 shares. Based on an average trading volume of 50,063 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Fidelity International High Dividend ETF Stock Performance

NYSEARCA:FIDI traded up $0.06 on Friday, hitting $28.96. 59,367 shares of the stock were exchanged, compared to its average volume of 80,224. The stock has a market capitalization of $399.65 million, a price-to-earnings ratio of 13.70 and a beta of 0.57. Fidelity International High Dividend ETF has a 52 week low of $24.20 and a 52 week high of $29.73. The company’s 50-day moving average price is $28.73 and its 200 day moving average price is $28.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIDI. Bank of America Corp DE raised its stake in shares of Fidelity International High Dividend ETF by 14.4% in the 1st quarter. Bank of America Corp DE now owns 172,738 shares of the company’s stock valued at $4,768,000 after purchasing an additional 21,693 shares during the period. Soltis Investment Advisors LLC boosted its stake in Fidelity International High Dividend ETF by 179.8% in the third quarter. Soltis Investment Advisors LLC now owns 124,746 shares of the company’s stock valued at $3,468,000 after buying an additional 80,160 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Fidelity International High Dividend ETF by 3.1% in the 1st quarter. Kestra Advisory Services LLC now owns 110,120 shares of the company’s stock valued at $3,040,000 after buying an additional 3,348 shares during the last quarter. Beam Wealth Advisors Inc. boosted its holdings in Fidelity International High Dividend ETF by 25.5% in the first quarter. Beam Wealth Advisors Inc. now owns 98,266 shares of the company’s stock valued at $2,713,000 after acquiring an additional 19,943 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in shares of Fidelity International High Dividend ETF by 37.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 44,934 shares of the company’s stock valued at $1,230,000 after purchasing an additional 12,306 shares in the last quarter.

About Fidelity International High Dividend ETF

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.