Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Declines By 53.5%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 67 shares, a decline of 53.5% from the April 30th total of 144 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,228 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Disruptive Finance ETF Trading Up 1.1%

Shares of FDFF stock traded up $0.36 during midday trading on Friday, reaching $33.59. 3,856 shares of the stock were exchanged, compared to its average volume of 3,748. Fidelity Disruptive Finance ETF has a 1 year low of $30.16 and a 1 year high of $39.15. The company’s 50 day moving average is $32.80 and its two-hundred day moving average is $33.86. The firm has a market cap of $40.31 million, a PE ratio of 24.27 and a beta of 1.18.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Institutional Trading of Fidelity Disruptive Finance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC grew its position in Fidelity Disruptive Finance ETF by 77.5% during the 4th quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after purchasing an additional 5,627 shares during the last quarter. Jane Street Group LLC boosted its stake in Fidelity Disruptive Finance ETF by 532.8% during the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after purchasing an additional 75,824 shares during the last quarter. Key Capital Management INC purchased a new stake in Fidelity Disruptive Finance ETF during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in Fidelity Disruptive Finance ETF during the 4th quarter valued at $39,000. Finally, AE Wealth Management LLC boosted its stake in Fidelity Disruptive Finance ETF by 103.0% during the 3rd quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock valued at $732,000 after purchasing an additional 10,260 shares during the last quarter.

Fidelity Disruptive Finance ETF Company Profile

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.