Short Interest in Fidelity Disruptors ETF (NASDAQ:FDIF) Increases By 210.0%

Fidelity Disruptors ETF (NASDAQ:FDIF) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 6,290 shares, a growth of 210.0% from the April 15th total of 2,029 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,154 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MFA Wealth Services increased its stake in Fidelity Disruptors ETF by 2.7% in the 3rd quarter. MFA Wealth Services now owns 11,476 shares of the company’s stock worth $408,000 after buying an additional 298 shares during the period. Bank of Montreal Can increased its stake in Fidelity Disruptors ETF by 40.0% in the 4th quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock worth $69,000 after buying an additional 550 shares during the period. Commonwealth Equity Services LLC increased its stake in Fidelity Disruptors ETF by 5.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock worth $428,000 after buying an additional 579 shares during the period. Godfrey Financial Associates Inc. purchased a new position in Fidelity Disruptors ETF in the 4th quarter worth about $36,000. Finally, Kestra Advisory Services LLC purchased a new position in Fidelity Disruptors ETF in the 4th quarter worth about $75,000.

Fidelity Disruptors ETF Price Performance

Shares of Fidelity Disruptors ETF stock traded up $0.18 during trading on Thursday, hitting $38.16. The stock had a trading volume of 4,266 shares, compared to its average volume of 6,919. The firm’s fifty day simple moving average is $35.03 and its 200-day simple moving average is $35.43. The stock has a market cap of $103.03 million, a PE ratio of 27.66 and a beta of 1.25. Fidelity Disruptors ETF has a 12 month low of $31.31 and a 12 month high of $38.25.

Fidelity Disruptors ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were paid a $0.016 dividend. This represents a $0.06 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, March 20th.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.