Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Decreases By 92.3%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 185 shares, a drop of 92.3% from the July 30th total of 2,412 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,414 shares, the short-interest ratio is presently 0.0 days.

Fidelity Disruptive Finance ETF Stock Performance

Shares of FDFF traded up $0.26 during midday trading on Tuesday, hitting $38.29. The company had a trading volume of 3,319 shares, compared to its average volume of 3,667. The company’s 50-day simple moving average is $35.17 and its 200-day simple moving average is $33.55. The firm has a market capitalization of $45.95 million, a P/E ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 1 year low of $30.16 and a 1 year high of $38.29.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a $0.188 dividend. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, June 18th.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A number of large investors have recently modified their holdings of FDFF. Jane Street Group LLC raised its stake in Fidelity Disruptive Finance ETF by 532.8% in the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after buying an additional 75,824 shares in the last quarter. POM Investment Strategies LLC boosted its position in shares of Fidelity Disruptive Finance ETF by 119.6% during the 2nd quarter. POM Investment Strategies LLC now owns 19,240 shares of the company’s stock worth $637,000 after acquiring an additional 10,480 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Fidelity Disruptive Finance ETF in the 3rd quarter valued at about $263,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Fidelity Disruptive Finance ETF by 443.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after acquiring an additional 887 shares during the last quarter.

Fidelity Disruptive Finance ETF Company Profile

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.