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

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 8,800 shares, agrowthof417.6% from the July 31st total of 1,700 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 2.6% during the 2nd quarter. Bank of America Corp DE now owns 228,532 shares of the company’s stock valued at $12,393,000 after buying an additional 5,796 shares in the last quarter. LPL Financial LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 5.0% during the 1st quarter. LPL Financial LLC now owns 183,631 shares of the company’s stock valued at $9,172,000 after buying an additional 8,671 shares in the last quarter. Charter Capital Management LLC DE purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at approximately $7,197,000. Osaic Holdings Inc. lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 8.7% during the 2nd quarter. Osaic Holdings Inc. now owns 122,308 shares of the company’s stock valued at $6,634,000 after buying an additional 9,747 shares in the last quarter. Finally, Geneva Partners LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 2.7% during the 1st quarter. Geneva Partners LLC now owns 84,829 shares of the company’s stock valued at $4,242,000 after buying an additional 2,190 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA FDRR opened at $57.37 on Friday. The stock has a market capitalization of $608.12 million, a price-to-earnings ratio of 17.77 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.06 and a 12 month high of $57.59. The firm’s 50 day simple moving average is $55.91 and its 200-day simple moving average is $52.34.

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.