Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Down 69.9% in July

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 271 shares, a decline of 69.9% from the June 30th total of 900 shares. Based on an average daily volume of 2,737 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Fidelity Disruptive Finance ETF

A number of hedge funds have recently modified their holdings of the company. Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Finance ETF during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. raised its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 887 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fidelity Disruptive Finance ETF in the third quarter valued at $263,000. Finally, Jane Street Group LLC lifted its position in Fidelity Disruptive Finance ETF by 532.8% in the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the period.

Fidelity Disruptive Finance ETF Stock Performance

NASDAQ FDFF opened at $34.42 on Friday. The firm has a 50-day simple moving average of $33.50 and a 200 day simple moving average of $33.45. Fidelity Disruptive Finance ETF has a twelve month low of $30.16 and a twelve month high of $39.01. The stock has a market cap of $41.30 million, a PE ratio of 24.27 and a beta of 1.14.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a dividend of $0.188 per share. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, June 18th.

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.