Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Large Decline in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 166 shares, a decline of 52.3% from the December 31st total of 348 shares. Based on an average trading volume of 3,625 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,625 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Fidelity Disruptive Finance ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FDFF. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Finance ETF during the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Finance ETF in the 4th quarter valued at about $39,000. Osaic Holdings Inc. raised its holdings in Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 887 shares in the last quarter. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Finance ETF in the third quarter valued at about $263,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Fidelity Disruptive Finance ETF during the second quarter valued at $381,000.

Fidelity Disruptive Finance ETF Stock Performance

Shares of NASDAQ FDFF traded down $0.66 during midday trading on Friday, hitting $34.96. 2,456 shares of the stock traded hands, compared to its average volume of 3,523. Fidelity Disruptive Finance ETF has a one year low of $29.92 and a one year high of $39.70. The firm has a market capitalization of $45.45 million, a P/E ratio of 24.27 and a beta of 1.32. The firm has a 50-day moving average of $35.70 and a two-hundred day moving average of $36.34.

Fidelity Disruptive Finance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, December 19th.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.