Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Increases By 168.5%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,807 shares, a growth of 168.5% from the April 30th total of 2,163 shares. Based on an average daily trading volume, of 55,306 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Fidelity Crypto Industry and Digital Payments ETF by 244.2% in the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock valued at $3,360,000 after buying an additional 98,374 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth about $4,633,000. Bank of America Corp DE boosted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 968.5% during the 3rd quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock worth $3,273,000 after acquiring an additional 60,442 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth about $2,770,000. Finally, Savvy Advisors Inc. purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $1,336,000.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 0.3%

NASDAQ:FDIG traded down $0.15 during mid-day trading on Monday, hitting $47.48. The stock had a trading volume of 19,373 shares, compared to its average volume of 52,045. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $29.24 and a twelve month high of $60.29. The stock has a 50-day simple moving average of $39.90 and a two-hundred day simple moving average of $39.93. The company has a market capitalization of $308.62 million, a PE ratio of 19.69 and a beta of 2.96.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, March 20th.

About Fidelity Crypto Industry and Digital Payments ETF

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.