Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Down 32.3% in August

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 301,455 shares, a decrease of 32.3% from the August 15th total of 445,335 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 675,099 shares, the short-interest ratio is currently 0.4 days.

Fidelity High Dividend ETF Trading Up 1.0%

FDVV stock opened at $62.80 on Friday. The stock has a market cap of $10.10 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54. The company’s 50 day moving average is $63.00 and its two-hundred day moving average is $60.30.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Several hedge funds have recently made changes to their positions in FDVV. Monetary Solutions Ltd purchased a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $26,000. Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF during the first quarter worth approximately $36,000. Godfrey Financial Associates Inc. acquired a new position in Fidelity High Dividend ETF during the fourth quarter worth approximately $57,000. Bessemer Group Inc. acquired a new position in Fidelity High Dividend ETF during the first quarter worth approximately $56,000. Finally, Meramec Financial Planners LLC purchased a new stake in Fidelity High Dividend ETF in the first quarter valued at approximately $63,000.

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.