Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Significant Growth in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 53,818 shares, a growth of 54,816.3% from the June 30th total of 98 shares. Based on an average daily trading volume, of 34,214 shares, the short-interest ratio is presently 1.6 days. Currently, 0.9% of the company’s stock are sold short.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of NASDAQ FDIG traded down $1.53 during mid-day trading on Friday, reaching $40.69. 21,464 shares of the company’s stock traded hands, compared to its average volume of 48,820. The stock has a market cap of $248.21 million, a P/E ratio of 19.69 and a beta of 2.99. Fidelity Crypto Industry and Digital Payments ETF has a 1-year low of $30.64 and a 1-year high of $60.29. The business has a 50-day simple moving average of $43.78 and a 200 day simple moving average of $40.42.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a dividend of $0.153 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. This represents a $0.61 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter valued at $27,000. Birchwood Financial Partners Inc. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $34,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth $129,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at about $202,000. Finally, Bank of America Corp DE purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the second quarter valued at about $222,000.

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.