Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Growth in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 441 shares, an increase of 138.4% from the August 15th total of 185 shares. Based on an average trading volume of 6,603 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Disruptive Finance ETF Price Performance

Shares of FDFF traded up $0.19 during mid-day trading on Friday, hitting $36.55. The company’s stock had a trading volume of 1,491 shares, compared to its average volume of 3,853. The firm has a 50-day moving average price of $36.32 and a 200 day moving average price of $33.96. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $38.40. The stock has a market capitalization of $43.86 million, a price-to-earnings ratio of 24.27 and a beta of 1.12.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued 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 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 18th.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in shares of Fidelity Disruptive Finance ETF by 443.5% during the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 887 shares during the period. Virtu Financial LLC acquired a new position in shares of Fidelity Disruptive Finance ETF in the 3rd quarter valued at $263,000. Jane Street Group LLC increased its stake in Fidelity Disruptive Finance ETF by 532.8% in the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares in the last quarter. POM Investment Strategies LLC raised its holdings in 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 buying an additional 10,480 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Fidelity Disruptive Finance ETF by 123.5% during the 2nd quarter. Citadel Advisors LLC now owns 31,845 shares of the company’s stock worth $1,054,000 after buying an additional 17,596 shares during the period.

About Fidelity Disruptive Finance ETF

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.