Fidelity High Dividend ETF (NYSEARCA:FDVV) Stock Short Interest Falls 70.5%

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 95,069 shares, a drop of 70.5% from the October 15th total of 322,539 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 588,038 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in FDVV. Oakworth Capital Inc. acquired a new position in Fidelity High Dividend ETF in the 3rd quarter valued at $42,000. Horrell Capital Management Inc. acquired a new stake in Fidelity High Dividend ETF during the 3rd quarter worth $46,000. Russell Investments Group Ltd. boosted its stake in Fidelity High Dividend ETF by 1,001.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 782 shares of the company’s stock worth $48,000 after purchasing an additional 711 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Fidelity High Dividend ETF during the 1st quarter worth $56,000. Finally, Godfrey Financial Associates Inc. grew its holdings in shares of Fidelity High Dividend ETF by 14.0% during the third quarter. Godfrey Financial Associates Inc. now owns 1,425 shares of the company’s stock worth $87,000 after buying an additional 175 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV remained flat at $62.36 during trading hours on Friday. 561,484 shares of the company’s stock traded hands, compared to its average volume of 839,941. The stock has a market cap of $10.49 billion, a PE ratio of 18.94 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $53.77 and a 12 month high of $64.54. The company’s 50-day moving average is $62.08 and its 200 day moving average is $60.47.

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.