Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Up 168.5% in May

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 5,807 shares, a growth of 168.5% from the April 30th total of 2,163 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 55,306 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDIG. Jane Street Group LLC raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 244.2% in the 1st quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock worth $3,360,000 after acquiring an additional 98,374 shares during the last quarter. Bank of America Corp DE purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter worth $222,000. B. Riley Wealth Advisors Inc. purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter worth $438,000. Traynor Capital Management Inc. purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth $586,000. Finally, AE Wealth Management LLC raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 58.5% in the 3rd quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock worth $177,000 after acquiring an additional 1,330 shares during the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 0.2%

Shares of Fidelity Crypto Industry and Digital Payments ETF stock traded down $0.09 during trading on Friday, reaching $47.63. The company’s stock had a trading volume of 56,700 shares, compared to its average volume of 52,378. The company has a market cap of $309.60 million, a price-to-earnings ratio of 19.69 and a beta of 2.96. Fidelity Crypto Industry and Digital Payments ETF has a 1-year low of $29.10 and a 1-year high of $60.29. The company has a 50-day simple moving average of $39.90 and a two-hundred day simple moving average of $39.93.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a $0.032 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.3%.

About Fidelity Crypto Industry and Digital Payments ETF

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.