Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Large Decline in Short Interest
by Amy Steele · The Cerbat GemFidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 228,440 shares, a decrease of 84.8% from the March 31st total of 1,499,927 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 973,003 shares, the short-interest ratio is presently 0.2 days.
Fidelity High Dividend ETF Trading Down 0.0%
FDVV traded down $0.01 during trading on Friday, hitting $58.67. The stock had a trading volume of 714,784 shares, compared to its average volume of 1,068,692. The firm has a market cap of $9.08 billion, a PE ratio of 17.18 and a beta of 0.87. Fidelity High Dividend ETF has a 12 month low of $47.10 and a 12 month high of $60.12. The company has a 50 day simple moving average of $57.28 and a 200-day simple moving average of $56.97.
Institutional Investors Weigh In On Fidelity High Dividend ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $25,000. Monetary Solutions Ltd bought a new stake in Fidelity High Dividend ETF during the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $27,000. Optima Capital LLC acquired a new stake in Fidelity High Dividend ETF in the 4th quarter valued at approximately $33,000. Finally, Oakworth Capital Inc. increased its position in Fidelity High Dividend ETF by 427.5% in the 3rd quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock worth $38,000 after buying an additional 560 shares during the period.
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.