Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Sees Large Increase in Short Interest

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 7,546 shares, an increase of 396.8% from the October 15th total of 1,519 shares. Based on an average daily trading volume, of 6,487 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are short sold.

Fidelity Electric Vehicles and Future Transportation ETF Stock Down 2.3%

Shares of BATS FDRV opened at $14.86 on Friday. The company has a market capitalization of $21.55 million, a PE ratio of 14.82 and a beta of 1.44. Fidelity Electric Vehicles and Future Transportation ETF has a twelve month low of $14.47 and a twelve month high of $21.63. The firm has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $17.54.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

An institutional investor recently bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF stock. Root Financial Partners LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,402 shares of the company’s stock, valued at approximately $39,000. Root Financial Partners LLC owned approximately 0.13% of Fidelity Electric Vehicles and Future Transportation ETF at the end of the most recent quarter.

About Fidelity Electric Vehicles and Future Transportation ETF

(Get Free Report)

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.

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