Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Up 45.6% in January

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 1,037,723 shares, an increase of 45.6% from the December 31st total of 712,962 shares. Based on an average daily trading volume, of 1,122,354 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,122,354 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Fidelity High Dividend ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDVV. Raymond James Financial Inc. grew its holdings in Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after buying an additional 635,591 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after buying an additional 572,218 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Fidelity High Dividend ETF during the third quarter worth $28,056,000. Jane Street Group LLC boosted its position in shares of Fidelity High Dividend ETF by 301.9% during the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after acquiring an additional 394,131 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Fidelity High Dividend ETF by 369.2% during the second quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after acquiring an additional 393,830 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $58.20 on Tuesday. The stock has a fifty day simple moving average of $57.09 and a two-hundred day simple moving average of $55.84. The firm has a market capitalization of $8.46 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $58.36.

About Fidelity High Dividend ETF

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.