Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Declines By 20.5%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 40,201 shares, a decrease of 20.5% from the January 15th total of 50,587 shares. Based on an average daily volume of 59,693 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 59,693 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its position in Fidelity Crypto Industry and Digital Payments ETF by 244.2% in the 1st quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock worth $3,360,000 after buying an additional 98,374 shares during the last quarter. Howe & Rusling Inc. bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the second quarter valued at approximately $36,000. Bank of America Corp DE purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the second quarter worth approximately $222,000. B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the second quarter worth approximately $438,000. Finally, Traynor Capital Management Inc. bought a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth approximately $586,000.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of NASDAQ:FDIG traded down $0.59 during trading on Tuesday, reaching $35.37. 59,221 shares of the stock traded hands, compared to its average volume of 69,426. The stock has a market cap of $240.52 million, a P/E ratio of 19.69 and a beta of 3.05. The stock has a 50-day moving average of $40.50 and a two-hundred day moving average of $43.83. Fidelity Crypto Industry and Digital Payments ETF has a 52-week low of $20.52 and a 52-week high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

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.