Fidelity Disruptors ETF (NASDAQ:FDIF) Sees Significant Decline in Short Interest

Fidelity Disruptors ETF (NASDAQ:FDIF) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 370 shares, a decrease of 94.1% from the April 30th total of 6,290 shares. Based on an average daily volume of 4,709 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Fidelity Disruptors ETF Price Performance

FDIF stock remained flat at $38.56 during midday trading on Wednesday. The company’s stock had a trading volume of 5,861 shares, compared to its average volume of 6,690. The company has a market capitalization of $104.11 million, a price-to-earnings ratio of 27.66 and a beta of 1.25. Fidelity Disruptors ETF has a 1-year low of $31.31 and a 1-year high of $38.68. The business has a 50 day moving average price of $35.69 and a 200 day moving average price of $35.54.

Fidelity Disruptors ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a dividend of $0.016 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, March 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of Fidelity Disruptors ETF during the 4th quarter valued at approximately $36,000. Bank of Montreal Can boosted its position in shares of Fidelity Disruptors ETF by 40.0% during the 4th quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock valued at $69,000 after acquiring an additional 550 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Fidelity Disruptors ETF during the 4th quarter valued at approximately $75,000. Osaic Holdings Inc. boosted its position in shares of Fidelity Disruptors ETF by 340.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after acquiring an additional 6,364 shares during the last quarter. Finally, MFA Wealth Services boosted its position in shares of Fidelity Disruptors ETF by 2.7% during the 3rd quarter. MFA Wealth Services now owns 11,476 shares of the company’s stock valued at $408,000 after acquiring an additional 298 shares during the last quarter.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.