Short Interest in Fidelity High Dividend ETF (NYSEARCA:FDVV) Decreases By 79.6%

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 31,227 shares, a drop of 79.6% from the June 15th total of 153,352 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 807,623 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after acquiring an additional 1,655,768 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock valued at $172,035,000 after acquiring an additional 75,387 shares during the period. Retirement Planning Group LLC increased its stake in Fidelity High Dividend ETF by 9.4% in the first quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock valued at $139,898,000 after purchasing an additional 217,772 shares during the period. Morgan Stanley increased its stake in Fidelity High Dividend ETF by 7.6% in the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock valued at $142,860,000 after purchasing an additional 177,157 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Fidelity High Dividend ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock valued at $130,765,000 after buying an additional 104,028 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.3%

Shares of Fidelity High Dividend ETF stock traded down $0.20 on Monday, hitting $61.94. The stock had a trading volume of 1,304,503 shares, compared to its average volume of 931,465. Fidelity High Dividend ETF has a 52-week low of $52.48 and a 52-week high of $62.40. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The company’s 50 day moving average price is $60.56 and its 200 day moving average price is $58.59.

Fidelity High Dividend ETF Company Profile

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.