Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Short Interest Update

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 11,264 shares, a decline of 47.4% from the July 30th total of 21,422 shares. Based on an average trading volume of 16,102 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity Dividend ETF for Rising Rates Price Performance

Fidelity Dividend ETF for Rising Rates stock traded up $0.06 during mid-day trading on Friday, reaching $69.61. 9,869 shares of the stock traded hands, compared to its average volume of 18,142. Fidelity Dividend ETF for Rising Rates has a 12-month low of $56.52 and a 12-month high of $70.28. The business’s 50-day moving average is $67.58 and its 200-day moving average is $64.40. The stock has a market capitalization of $758.75 million, a PE ratio of 17.77 and a beta of 0.88.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 52.3% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,623 shares of the company’s stock valued at $70,889,000 after buying an additional 375,226 shares during the last quarter. Midwest Financial Network LLC boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 60.6% during the 2nd quarter. Midwest Financial Network LLC now owns 20,374 shares of the company’s stock worth $1,323,000 after acquiring an additional 7,686 shares during the last quarter. RDA Financial Network bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at $209,000. Western Wealth Management LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at $217,000. Finally, NewEdge Advisors LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 88,431 shares of the company’s stock worth $5,200,000 after purchasing an additional 1,979 shares in the last quarter.

About Fidelity Dividend ETF for Rising Rates

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.