Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Declines By 45.7%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 44,006 shares, a decrease of 45.7% from the December 15th total of 80,995 shares. Based on an average daily trading volume, of 70,897 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 70,897 shares, the short-interest ratio is presently 0.6 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

FDIG traded up $1.36 during trading on Friday, reaching $44.80. 43,765 shares of the company’s stock were exchanged, compared to its average volume of 60,233. The company’s fifty day moving average price is $42.14 and its 200-day moving average price is $43.61. The firm has a market capitalization of $304.64 million, a PE ratio of 19.69 and a beta of 3.05. Fidelity Crypto Industry and Digital Payments ETF has a fifty-two week low of $20.52 and a fifty-two week high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, December 19th. This is an increase from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02.

Institutional Trading of Fidelity Crypto Industry and Digital Payments ETF

A number of hedge funds have recently modified their holdings of FDIG. Jane Street Group LLC grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock valued at $3,360,000 after purchasing an additional 98,374 shares during the period. Sowell Financial Services LLC boosted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 9.1% during the second quarter. Sowell Financial Services LLC now owns 11,952 shares of the company’s stock worth $425,000 after purchasing an additional 1,000 shares in the last quarter. Howe & Rusling Inc. acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter valued at $36,000. Bank of America Corp DE acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter valued at $222,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter valued at $438,000.

About Fidelity Crypto Industry and Digital Payments ETF

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.