Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Declines By 54.1%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 67 shares, a drop of 54.1% from the May 31st total of 146 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A number of institutional investors have recently added to or reduced their stakes in FDFF. Key Capital Management INC acquired a new stake in Fidelity Disruptive Finance ETF during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Finance ETF in the 4th quarter valued at about $39,000. Osaic Holdings Inc. lifted its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 887 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Fidelity Disruptive Finance ETF during the 3rd quarter worth about $263,000. Finally, Jane Street Group LLC grew its holdings in shares of Fidelity Disruptive Finance ETF by 532.8% during the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the period.

Fidelity Disruptive Finance ETF Stock Up 2.3%

Shares of NASDAQ FDFF traded up $0.76 during trading on Wednesday, hitting $33.85. 2,182 shares of the company traded hands, compared to its average volume of 3,560. Fidelity Disruptive Finance ETF has a 1 year low of $30.16 and a 1 year high of $39.15. The company has a 50-day moving average price of $33.17 and a 200-day moving average price of $33.60. The firm has a market capitalization of $40.62 million, a P/E ratio of 24.27 and a beta of 1.14.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a $0.188 dividend. The ex-dividend date was Thursday, June 18th. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 dividend on an annualized basis and a yield of 2.2%.

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.