Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Decrease in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,974 shares, a drop of 62.9% from the February 12th total of 5,319 shares. Based on an average daily volume of 2,871 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,871 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Key Capital Management INC bought a new stake in Fidelity Disruptive Finance ETF during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new position in shares of Fidelity Disruptive Finance ETF in the fourth quarter worth about $39,000. Osaic Holdings Inc. lifted its position in shares of Fidelity Disruptive Finance ETF by 443.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 887 shares during the last quarter. Virtu Financial LLC bought a new stake in Fidelity Disruptive Finance ETF during the 3rd quarter valued at approximately $263,000. Finally, AE Wealth Management LLC bought a new stake in Fidelity Disruptive Finance ETF during the 2nd quarter valued at approximately $381,000.

Fidelity Disruptive Finance ETF Stock Down 2.3%

Shares of NASDAQ:FDFF traded down $0.73 during trading on Thursday, reaching $31.06. The stock had a trading volume of 3,525 shares, compared to its average volume of 3,507. The stock has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $35.28. Fidelity Disruptive Finance ETF has a 52 week low of $29.92 and a 52 week high of $39.15. The firm has a market capitalization of $40.38 million, a price-to-earnings ratio of 24.27 and a beta of 1.32.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were issued a $0.048 dividend. This represents a $0.19 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 19th.

Fidelity Disruptive Finance ETF Company Profile

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.