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

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 7,546 shares, an increase of 396.8% from the October 15th total of 1,519 shares. Based on an average daily volume of 6,487 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 1.3%

BATS FDRV opened at $15.21 on Thursday. The stock has a market capitalization of $22.05 million, a price-to-earnings ratio of 14.82 and a beta of 1.44. Fidelity Electric Vehicles and Future Transportation ETF has a twelve month low of $14.47 and a twelve month high of $21.63. The stock has a 50-day moving average of $15.87 and a 200 day moving average of $17.55.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

A hedge fund recently bought a new position in Fidelity Electric Vehicles and Future Transportation ETF stock. Root Financial Partners LLC bought a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,402 shares of the company’s stock, valued at approximately $39,000. Root Financial Partners LLC owned 0.13% of Fidelity Electric Vehicles and Future Transportation ETF at the end of the most recent reporting period.

About Fidelity Electric Vehicles and Future Transportation ETF

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.