Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Declines By 53.5%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 67 shares, a decline of 53.5% from the April 30th total of 144 shares. Based on an average daily volume of 5,228 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Fidelity Disruptive Finance ETF Price Performance

FDFF traded up $0.36 during trading on Friday, hitting $33.59. 3,856 shares of the stock traded hands, compared to its average volume of 3,748. Fidelity Disruptive Finance ETF has a twelve month low of $30.16 and a twelve month high of $39.15. The company has a market cap of $40.31 million, a price-to-earnings ratio of 24.27 and a beta of 1.18. The business has a 50 day moving average price of $32.80 and a 200 day moving average price of $33.86.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 20th. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of Fidelity Disruptive Finance ETF by 532.8% in the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after buying an additional 75,824 shares during the period. AE Wealth Management LLC increased its stake in shares of Fidelity Disruptive Finance ETF by 103.0% in the third quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock valued at $732,000 after buying an additional 10,260 shares during the period. Virtu Financial LLC increased its stake in shares of Fidelity Disruptive Finance ETF by 77.5% in the fourth quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after buying an additional 5,627 shares during the period. Osaic Holdings Inc. increased its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 887 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Finance ETF in the fourth quarter valued at approximately $39,000.

About Fidelity Disruptive Finance ETF

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.