Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Down 69.9% in July

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 271 shares, a drop of 69.9% from the June 30th total of 900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,737 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Key Capital Management INC bought a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter worth $39,000. Osaic Holdings Inc. increased its position in Fidelity Disruptive Finance ETF by 443.5% during the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 887 shares during the period. Virtu Financial LLC bought a new position in Fidelity Disruptive Finance ETF during the third quarter worth $263,000. Finally, Jane Street Group LLC raised its stake in 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 valued at $3,208,000 after purchasing an additional 75,824 shares during the last quarter.

Fidelity Disruptive Finance ETF Stock Performance

Fidelity Disruptive Finance ETF stock opened at $34.42 on Friday. The business’s 50-day simple moving average is $33.50 and its 200-day simple moving average is $33.45. The firm has a market capitalization of $41.30 million, a PE ratio of 24.27 and a beta of 1.14. Fidelity Disruptive Finance ETF has a 52 week low of $30.16 and a 52 week high of $39.01.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a $0.188 dividend. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 18th. 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.