Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Down 19.5% in March

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 19,216 shares, a decrease of 19.5% from the February 26th total of 23,872 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 31,393 shares, the days-to-cover ratio is currently 0.6 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Up 2.5%

FDIG traded up $0.81 during trading on Wednesday, reaching $33.59. 28,671 shares of the company’s stock were exchanged, compared to its average volume of 52,277. Fidelity Crypto Industry and Digital Payments ETF has a fifty-two week low of $20.52 and a fifty-two week high of $60.29. The company has a market capitalization of $228.41 million, a P/E ratio of 19.69 and a beta of 3.05. The business has a 50 day moving average price of $36.71 and a 200 day moving average price of $43.03.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were paid a dividend of $0.032 per share. The ex-dividend date was Friday, March 20th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock worth $3,360,000 after acquiring an additional 98,374 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the 2nd quarter worth about $222,000. B. Riley Wealth Advisors Inc. bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the 2nd quarter valued at about $438,000. Traynor Capital Management Inc. bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter valued at about $586,000. Finally, AE Wealth Management LLC boosted its position in Fidelity Crypto Industry and Digital Payments ETF by 58.5% in the third quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock valued at $177,000 after buying an additional 1,330 shares in the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.