Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Large Decrease in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 144 shares, a drop of 82.7% from the April 15th total of 834 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,436 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Disruptive Finance ETF Trading Down 0.9%

NASDAQ FDFF traded down $0.30 on Tuesday, hitting $33.35. The company’s stock had a trading volume of 1,997 shares, compared to its average volume of 3,470. The firm has a market cap of $40.02 million, a P/E ratio of 24.27 and a beta of 1.18. Fidelity Disruptive Finance ETF has a 52-week low of $30.16 and a 52-week high of $39.15. The company’s 50-day simple moving average is $32.45 and its 200 day simple moving average is $34.05.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 20th.

Institutional Trading of Fidelity Disruptive Finance ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDFF. Key Capital Management INC bought a new stake in Fidelity Disruptive Finance ETF during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Finance ETF in the 4th quarter valued at approximately $39,000. Osaic Holdings Inc. lifted its stake 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 purchasing an additional 887 shares during the period. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Finance ETF in the third quarter worth $263,000. Finally, AE Wealth Management LLC raised its holdings in Fidelity Disruptive Finance ETF by 103.0% in the third quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock worth $732,000 after purchasing an additional 10,260 shares in 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.