Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Update

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 185 shares, a decline of 92.3% from the July 30th total of 2,412 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,414 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Disruptive Finance ETF Stock Performance

Fidelity Disruptive Finance ETF stock traded down $0.14 during trading hours on Wednesday, hitting $38.15. 157 shares of the stock were exchanged, compared to its average volume of 3,646. The stock has a market capitalization of $45.78 million, a P/E ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 12 month low of $30.16 and a 12 month high of $38.29. The business’s 50-day moving average is $35.17 and its two-hundred day moving average is $33.55.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid 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 annualized dividend and a dividend yield of 2.0%.

Institutional Trading of Fidelity Disruptive Finance ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in Fidelity Disruptive Finance ETF by 443.5% during the 2nd 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 acquired a new position in shares of Fidelity Disruptive Finance ETF in the 3rd quarter valued at $263,000. POM Investment Strategies LLC boosted its position in shares of Fidelity Disruptive Finance ETF by 119.6% in the 2nd quarter. POM Investment Strategies LLC now owns 19,240 shares of the company’s stock worth $637,000 after purchasing an additional 10,480 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Fidelity Disruptive Finance ETF by 532.8% in 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 last quarter.

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.