Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Down 7.3% – Time to Sell?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price fell 7.3% during trading on Friday . The stock traded as low as $19.58 and last traded at $19.58. 20,432 shares were traded during trading, an increase of 95% from the average session volume of 10,475 shares. The stock had previously closed at $21.12.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

The company has a market capitalization of $37.20 million, a PE ratio of 21.91 and a beta of 1.36. The firm has a 50-day moving average of $18.82 and a 200 day moving average of $17.51.

Institutional Investors Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Several institutional investors have recently modified their holdings of FDRV. OLD Mission Capital LLC purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter valued at $539,000. Jane Street Group LLC purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the second quarter valued at $203,000. Finally, EFG International AG purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter valued at $33,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

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.