Fidelity Disruptors ETF (NASDAQ:FDIF) Sees Significant Decline in Short Interest

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 370 shares, a drop of 94.1% from the April 30th total of 6,290 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,709 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Disruptors ETF Stock Performance

FDIF remained flat at $38.56 during trading on Wednesday. The company had a trading volume of 5,861 shares, compared to its average volume of 6,690. The company has a market capitalization of $104.11 million, a PE ratio of 27.66 and a beta of 1.25. The business’s 50 day moving average is $35.69 and its 200 day moving average is $35.54. Fidelity Disruptors ETF has a 12 month low of $31.31 and a 12 month high of $38.68.

Fidelity Disruptors ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were given a $0.016 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%.

Institutional Trading of Fidelity Disruptors ETF

A number of institutional investors have recently bought and sold shares of FDIF. Jane Street Group LLC bought a new stake in Fidelity Disruptors ETF in the second quarter worth $2,207,000. Osaic Holdings Inc. lifted its position in Fidelity Disruptors ETF by 340.7% in the second quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock worth $278,000 after buying an additional 6,364 shares during the last quarter. MFA Wealth Services lifted its position in Fidelity Disruptors ETF by 2.7% in the third quarter. MFA Wealth Services now owns 11,476 shares of the company’s stock worth $408,000 after buying an additional 298 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in Fidelity Disruptors ETF in the fourth quarter worth $36,000. Finally, Sfmg LLC increased its stake in Fidelity Disruptors ETF by 3.8% in the fourth quarter. Sfmg LLC now owns 219,730 shares of the company’s stock worth $7,868,000 after purchasing an additional 8,077 shares during the period.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.