Fidelity International High Dividend ETF (NYSEARCA:FIDI) Stock Short Interest Drops 54.6%

Fidelity International High Dividend ETF (NYSEARCA:FIDI) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 8,494 shares, a drop of 54.6% from the August 31st total of 18,710 shares. Based on an average trading volume of 42,332 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity International High Dividend ETF Stock Performance

Shares of NYSEARCA:FIDI traded down $0.01 during trading on Monday, hitting $28.29. 49,170 shares of the stock were exchanged, compared to its average volume of 83,120. The company has a market capitalization of $387.57 million, a price-to-earnings ratio of 13.70 and a beta of 0.56. Fidelity International High Dividend ETF has a 1-year low of $24.20 and a 1-year high of $29.73. The company’s fifty day simple moving average is $29.12 and its 200-day simple moving average is $28.31.

Institutional Investors Weigh In On Fidelity International High Dividend ETF

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in 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 valued at $4,768,000 after buying an additional 21,693 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Fidelity International High Dividend ETF by 3.1% in the 1st quarter. Kestra Advisory Services LLC now owns 110,120 shares of the company’s stock valued at $3,040,000 after buying an additional 3,348 shares in the last quarter. Beam Wealth Advisors Inc. lifted its holdings in shares of Fidelity International High Dividend ETF by 25.5% during the 1st quarter. Beam Wealth Advisors Inc. now owns 98,266 shares of the company’s stock worth $2,713,000 after acquiring an additional 19,943 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Fidelity International High Dividend ETF by 37.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 44,934 shares of the company’s stock worth $1,230,000 after acquiring an additional 12,306 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Fidelity International High Dividend ETF by 85.6% during the 1st quarter. Royal Bank of Canada now owns 44,079 shares of the company’s stock worth $1,217,000 after acquiring an additional 20,333 shares during the period.

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.