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

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 149,200 shares, a growth of 782.8% from the August 31st total of 16,900 shares. Based on an average daily volume of 48,500 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 48,500 shares, the days-to-cover ratio is currently 3.1 days.

Fidelity International High Dividend ETF Price Performance

Shares of NYSEARCA:FIDI opened at $24.47 on Wednesday. The business’s 50 day moving average price is $24.22 and its 200-day moving average price is $23.12. Fidelity International High Dividend ETF has a 1 year low of $19.07 and a 1 year high of $24.88. The firm has a market capitalization of $154.16 million, a price-to-earnings ratio of 13.70 and a beta of 0.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIDI. Osaic Holdings Inc. increased its stake in Fidelity International High Dividend ETF by 4.5% during the 2nd quarter. Osaic Holdings Inc. now owns 108,572 shares of the company’s stock worth $2,530,000 after buying an additional 4,684 shares in the last quarter. Bank of America Corp DE increased its position in shares of Fidelity International High Dividend ETF by 78.6% during the second quarter. Bank of America Corp DE now owns 66,575 shares of the company’s stock worth $1,551,000 after purchasing an additional 29,298 shares in the last quarter. Raymond James Financial Inc. raised its stake in Fidelity International High Dividend ETF by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 11,711 shares of the company’s stock valued at $273,000 after purchasing an additional 1,398 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Fidelity International High Dividend ETF in the 2nd quarter valued at $1,267,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in Fidelity International High Dividend ETF by 17.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 16,769 shares of the company’s stock valued at $391,000 after purchasing an additional 2,478 shares in the last quarter.

Fidelity International High Dividend ETF Company Profile

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.