Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Sees Large Drop in Short Interest

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRVGet Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 6,330 shares, a decline of 48.3% from the July 15th total of 12,252 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,935 shares, the short-interest ratio is currently 1.3 days.

Fidelity Electric Vehicles and Future Transportation ETF Stock Performance

Shares of FDRV opened at $18.19 on Monday. Fidelity Electric Vehicles and Future Transportation ETF has a twelve month low of $15.03 and a twelve month high of $21.63. The firm has a market capitalization of $34.56 million, a P/E ratio of 21.91 and a beta of 1.36. The firm’s 50-day moving average is $18.62 and its two-hundred day moving average is $18.19.

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 acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter worth $539,000. Jane Street Group LLC purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the second quarter worth $203,000. Finally, EFG International AG purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter worth $33,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

(Get Free Report)

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.

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