Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Sees Large Decrease in Short Interest

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 6,330 shares, a decrease of 48.3% from the July 15th total of 12,252 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 4,935 shares, the days-to-cover ratio is currently 1.3 days.

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 0.3%

Shares of FDRV stock opened at $18.24 on Tuesday. The company’s 50-day moving average price is $18.59 and its 200-day moving average price is $18.20. The stock has a market cap of $34.66 million, a price-to-earnings ratio of 21.91 and a beta of 1.36. Fidelity Electric Vehicles and Future Transportation ETF has a twelve month low of $15.03 and a twelve month high of $21.63.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDRV. EFG International AG purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF in the second quarter valued at approximately $203,000. Finally, OLD Mission Capital LLC purchased a new position in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth approximately $539,000.

About Fidelity Electric Vehicles and Future Transportation ETF

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.