Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Large Decrease in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 49,003 shares, a decline of 67.1% from the September 30th total of 148,902 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 27,867 shares, the short-interest ratio is presently 1.8 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 5.5%

FDIG traded down $1.93 during trading on Friday, hitting $33.29. 35,015 shares of the company traded hands, compared to its average volume of 41,306. The firm has a market cap of $196.41 million, a P/E ratio of 19.69 and a beta of 3.00. The stock’s fifty day moving average is $41.52 and its 200 day moving average is $40.70. Fidelity Crypto Industry and Digital Payments ETF has a one year low of $30.64 and a one year high of $55.23.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were paid a $0.0230 dividend. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%.

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

Several large investors have recently modified their holdings of the stock. Diversify Advisory Services LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the third quarter worth $869,000. NewEdge Advisors LLC raised its holdings in Fidelity Crypto Industry and Digital Payments ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock valued at $538,000 after acquiring an additional 1,076 shares during the period. Sterling Investment Advisors Ltd. lifted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 3.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock worth $494,000 after acquiring an additional 380 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 104.1% in the second quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock worth $2,538,000 after acquiring an additional 30,294 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the 1st quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock valued at $1,490,000 after buying an additional 7,149 shares in the last quarter.

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.