Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Down 45.5% in July

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 12,252 shares, a drop of 45.5% from the June 30th total of 22,474 shares. Based on an average trading volume of 11,594 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the 2nd quarter worth about $203,000. EFG International AG bought a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter worth approximately $33,000. Finally, OLD Mission Capital LLC bought a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter worth approximately $539,000.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

FDRV opened at $17.90 on Friday. Fidelity Electric Vehicles and Future Transportation ETF has a 1 year low of $14.78 and a 1 year high of $21.63. The company has a market capitalization of $34.01 million, a price-to-earnings ratio of 21.91 and a beta of 1.36. The firm’s fifty day moving average price is $19.20 and its two-hundred day moving average price is $18.13.

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.