Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Significant Decline in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 26,700 shares, a drop of 83.3% from the January 31st total of 160,200 shares. Based on an average trading volume of 105,400 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 1.2 %

FDIG traded down $0.33 on Thursday, reaching $28.24. The stock had a trading volume of 56,200 shares, compared to its average volume of 84,331. The company has a market capitalization of $152.50 million, a price-to-earnings ratio of 10.94 and a beta of 3.84. Fidelity Crypto Industry and Digital Payments ETF has a fifty-two week low of $22.50 and a fifty-two week high of $43.70. The firm has a 50-day moving average of $34.02 and a 200-day moving average of $32.14.

Fidelity Crypto Industry and Digital Payments ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 30th were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 23.0% in the fourth quarter. Sunbelt Securities Inc. now owns 10,329 shares of the company’s stock worth $340,000 after purchasing an additional 1,929 shares during the last quarter. GTS Securities LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter worth about $1,056,000. Torno Capital LLC bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $5,848,000. Glass Jacobson Investment Advisors llc increased its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 36.3% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,956 shares of the company’s stock valued at $64,000 after buying an additional 521 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $921,000.

About Fidelity Crypto Industry and Digital Payments ETF

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume.