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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 900 shares, an increase of 1,243.3% from the June 15th total of 67 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,157 shares, the short-interest ratio is presently 0.3 days.

Fidelity Disruptive Finance ETF Trading Up 0.4%

Shares of NASDAQ FDFF traded up $0.14 during midday trading on Friday, reaching $34.56. The company had a trading volume of 1,830 shares, compared to its average volume of 3,494. The business’s 50-day simple moving average is $33.25 and its 200 day simple moving average is $33.54. The stock has a market cap of $41.47 million, a P/E ratio of 24.27 and a beta of 1.14. Fidelity Disruptive Finance ETF has a 1 year low of $30.16 and a 1 year high of $39.15.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Key Capital Management INC purchased a new position in Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in Fidelity Disruptive Finance ETF in the 4th quarter worth approximately $39,000. Osaic Holdings Inc. grew its stake in shares of 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 purchasing an additional 887 shares during the period. Virtu Financial LLC acquired a new stake in shares of Fidelity Disruptive Finance ETF during the 3rd quarter worth approximately $263,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 in 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.