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

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,568 shares, a growth of 268.3% from the May 14th total of 1,512 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 1.1%

FDRV stock traded up $0.22 during midday trading on Friday, hitting $19.74. The company had a trading volume of 9,462 shares, compared to its average volume of 10,591. Fidelity Electric Vehicles and Future Transportation ETF has a 52 week low of $14.01 and a 52 week high of $21.63. The stock’s 50 day moving average price is $19.15 and its 200 day moving average price is $17.63. The stock has a market cap of $37.51 million, a price-to-earnings ratio of 21.91 and a beta of 1.36.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EFG International AG bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter valued at approximately $33,000. Jane Street Group LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the second quarter valued at approximately $203,000. Finally, OLD Mission Capital LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter valued at approximately $539,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

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.