Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Growth in Short Interest
by Tristan Rich · The Markets DailyFidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,499,927 shares, a growth of 1,827.1% from the March 15th total of 77,835 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 1,225,160 shares, the short-interest ratio is presently 1.2 days.
Fidelity High Dividend ETF Stock Performance
Shares of NYSEARCA:FDVV traded down $0.15 during midday trading on Friday, reaching $57.23. 856,717 shares of the company’s stock were exchanged, compared to its average volume of 1,114,799. The company’s 50 day simple moving average is $57.41 and its two-hundred day simple moving average is $56.77. The firm has a market capitalization of $8.85 billion, a PE ratio of 17.18 and a beta of 0.87. Fidelity High Dividend ETF has a 12 month low of $45.05 and a 12 month high of $60.12.
Institutional Investors Weigh In On Fidelity High Dividend ETF
A number of hedge funds have recently made changes to their positions in FDVV. Dentgroup LLC increased its position in Fidelity High Dividend ETF by 35.6% in the 3rd quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock valued at $11,372,000 after acquiring an additional 53,547 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $626,000. Base Wealth Management LLC increased its position in Fidelity High Dividend ETF by 27.5% in the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after acquiring an additional 31,041 shares in the last quarter. Advisory Services Network LLC increased its position in Fidelity High Dividend ETF by 15.3% in the 2nd quarter. Advisory Services Network LLC now owns 157,024 shares of the company’s stock valued at $8,405,000 after acquiring an additional 20,797 shares in the last quarter. Finally, Savvy Advisors Inc. increased its position in Fidelity High Dividend ETF by 55.6% in the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after acquiring an additional 18,037 shares in the last quarter.
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.