Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Growth in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 441 shares, a growth of 138.4% from the August 15th total of 185 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,603 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

An institutional investor recently raised its position in Fidelity Disruptive Finance ETF stock. POM Investment Strategies LLC lifted its holdings in shares of Fidelity Disruptive Finance ETF (NASDAQ:FDFF) by 119.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,240 shares of the company’s stock after buying an additional 10,480 shares during the quarter. Fidelity Disruptive Finance ETF makes up approximately 0.7% of POM Investment Strategies LLC’s investment portfolio, making the stock its 21st largest position. POM Investment Strategies LLC owned approximately 1.60% of Fidelity Disruptive Finance ETF worth $637,000 as of its most recent SEC filing.

Fidelity Disruptive Finance ETF Trading Up 0.7%

Fidelity Disruptive Finance ETF stock traded up $0.26 during mid-day trading on Monday, hitting $36.81. The company had a trading volume of 1,160 shares, compared to its average volume of 3,837. The company has a market capitalization of $44.17 million, a price-to-earnings ratio of 24.27 and a beta of 1.12. The company’s fifty day moving average is $36.32 and its 200-day moving average is $33.97. Fidelity Disruptive Finance ETF has a 12-month low of $30.16 and a 12-month high of $38.40.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 18th.

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.