Fidelity High Dividend ETF (NYSEARCA:FDVV) Short Interest Up 45.6% in January

Fidelity High Dividend ETF (NYSEARCA:FDVV) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,037,723 shares, a growth of 45.6% from the December 31st total of 712,962 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 1,122,354 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 1,122,354 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the shares of the stock are sold short.

Fidelity High Dividend ETF Trading Up 0.0%

FDVV opened at $58.14 on Friday. The company has a market cap of $8.45 billion, a P/E ratio of 17.18 and a beta of 0.92. The company’s 50 day moving average is $57.04 and its 200-day moving average is $55.79. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $58.36.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FDVV. Assetmark Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the second quarter valued at about $27,000. MB Levis & Associates LLC bought a new stake in shares of Fidelity High Dividend ETF during the second quarter worth about $28,000. Evermay Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the second quarter valued at approximately $31,000. Finally, TD Waterhouse Canada Inc. bought a new position in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $32,000.

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.