Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Update

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 16,243 shares, an increase of 191.7% from the May 31st total of 5,568 shares. Based on an average trading volume of 16,252 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the stock are short sold.

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 2.6%

Shares of Fidelity Electric Vehicles and Future Transportation ETF stock opened at $19.00 on Tuesday. The company has a 50-day moving average of $19.61 and a two-hundred day moving average of $17.87. Fidelity Electric Vehicles and Future Transportation ETF has a 12-month low of $14.62 and a 12-month high of $21.63. The stock has a market cap of $36.10 million, a PE ratio of 21.91 and a beta of 1.36.

Institutional Investors Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. EFG International AG purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter valued at $33,000. Jane Street Group LLC acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF in the second quarter worth approximately $203,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter valued at $539,000.

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.