Fidelity International High Dividend ETF (NYSEARCA:FIDI) Short Interest Down 84.1% in July

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 25,557 shares, a decrease of 84.1% from the July 15th total of 160,624 shares. Based on an average daily trading volume, of 55,115 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Fidelity International High Dividend ETF Trading Down 0.2%

Shares of FIDI stock traded down $0.06 during mid-day trading on Wednesday, reaching $29.18. The stock had a trading volume of 15,742 shares, compared to its average volume of 86,017. The firm has a market capitalization of $361.83 million, a PE ratio of 13.70 and a beta of 0.56. The stock’s 50-day moving average price is $28.17 and its two-hundred day moving average price is $28.01. Fidelity International High Dividend ETF has a 52-week low of $23.92 and a 52-week high of $29.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIDI. KWB Wealth bought a new position in Fidelity International High Dividend ETF during the 2nd quarter valued at approximately $288,000. Bank of America Corp DE grew its position in shares of Fidelity International High Dividend ETF by 14.4% in the 1st quarter. Bank of America Corp DE now owns 172,738 shares of the company’s stock worth $4,768,000 after buying an additional 21,693 shares during the last quarter. Royal Bank of Canada grew its position in shares of Fidelity International High Dividend ETF by 85.6% in the 1st quarter. Royal Bank of Canada now owns 44,079 shares of the company’s stock worth $1,217,000 after buying an additional 20,333 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity International High Dividend ETF by 47.4% during the first quarter. Cetera Investment Advisers now owns 42,817 shares of the company’s stock valued at $1,182,000 after buying an additional 13,775 shares during the period. Finally, Ball & Co Wealth Management Inc. increased its stake in shares of Fidelity International High Dividend ETF by 3.3% during the first quarter. Ball & Co Wealth Management Inc. now owns 14,418 shares of the company’s stock valued at $398,000 after buying an additional 459 shares during the period.

About Fidelity International High Dividend ETF

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.