Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Up 4.4% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s stock price was up 4.4% on Tuesday . The company traded as high as $16.45 and last traded at $16.45. Approximately 1,750 shares were traded during trading, a decline of 85% from the average daily volume of 11,555 shares. The stock had previously closed at $15.75.

Fidelity Electric Vehicles and Future Transportation ETF Stock Down 0.2%

The stock has a market cap of $31.52 million, a price-to-earnings ratio of 21.91 and a beta of 1.36. The company’s 50-day simple moving average is $16.87 and its 200-day simple moving average is $16.97.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A number of hedge funds have recently modified their holdings of the stock. EFG International AG purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth about $33,000. Jane Street Group LLC purchased a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter valued at about $203,000. OLD Mission Capital LLC purchased a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter valued at about $539,000. Finally, Flow Traders U.S. LLC increased its holdings in shares of Fidelity Electric Vehicles and Future Transportation ETF by 58.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 43,501 shares of the company’s stock valued at $644,000 after purchasing an additional 16,076 shares during the period.

About Fidelity Electric Vehicles and Future Transportation ETF

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.