Short Interest in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Declines By 92.4%
by Tristan Rich · The Markets DailyFidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 6,703 shares, a drop of 92.4% from the December 15th total of 88,147 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 26,466 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 26,466 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.
Fidelity Dividend ETF for Rising Rates Price Performance
Shares of FDRR stock traded down $0.20 on Wednesday, reaching $61.44. 17,760 shares of the stock were exchanged, compared to its average volume of 21,740. Fidelity Dividend ETF for Rising Rates has a one year low of $43.06 and a one year high of $61.98. The stock has a market cap of $669.70 million, a PE ratio of 17.77 and a beta of 0.91. The stock has a 50 day moving average price of $60.74 and a 200 day moving average price of $58.48.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. CX Institutional raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 32.4% during the second quarter. CX Institutional now owns 772 shares of the company’s stock worth $42,000 after buying an additional 189 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Fidelity Dividend ETF for Rising Rates by 2.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock valued at $393,000 after acquiring an additional 190 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in Fidelity Dividend ETF for Rising Rates by 6.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock worth $245,000 after acquiring an additional 247 shares during the period. Stonebridge Financial Planning Group LLC raised its position in shares of Fidelity Dividend ETF for Rising Rates by 1.9% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock valued at $974,000 after acquiring an additional 340 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Fidelity Dividend ETF for Rising Rates by 7.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,629 shares of the company’s stock valued at $414,000 after acquiring an additional 497 shares during the last quarter.
About Fidelity Dividend ETF for Rising Rates
The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.