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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,974 shares, a decrease of 62.9% from the February 12th total of 5,319 shares. Based on an average daily volume of 2,871 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,871 shares, the days-to-cover ratio is currently 0.7 days.

Fidelity Disruptive Finance ETF Stock Down 0.9%

FDFF opened at $32.08 on Wednesday. Fidelity Disruptive Finance ETF has a twelve month low of $29.92 and a twelve month high of $39.15. The company has a fifty day moving average of $34.40 and a 200-day moving average of $35.34. The stock has a market cap of $41.70 million, a PE ratio of 24.27 and a beta of 1.32.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a dividend of $0.048 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $0.19 dividend on an annualized basis and a yield of 0.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC lifted its stake in shares of Fidelity Disruptive Finance ETF by 77.5% in the 4th quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after purchasing an additional 5,627 shares during the period. Jane Street Group LLC grew its stake in Fidelity Disruptive Finance ETF by 532.8% during the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the period. Key Capital Management INC acquired a new stake in Fidelity Disruptive Finance ETF during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new stake in Fidelity Disruptive Finance ETF in the fourth quarter worth approximately $39,000. Finally, AE Wealth Management LLC lifted its stake in Fidelity Disruptive Finance ETF by 103.0% in the third quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock valued at $732,000 after buying an additional 10,260 shares during the period.

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.