Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Drops By 92.3%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 185 shares, a decline of 92.3% from the July 30th total of 2,412 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,414 shares, the short-interest ratio is currently 0.0 days.

Fidelity Disruptive Finance ETF Stock Performance

Shares of NASDAQ:FDFF traded up $0.01 during midday trading on Thursday, hitting $38.14. The company’s stock had a trading volume of 4,627 shares, compared to its average volume of 3,659. The stock’s 50 day simple moving average is $35.27 and its 200 day simple moving average is $33.59. The stock has a market capitalization of $45.77 million, a price-to-earnings ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $38.35.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a $0.188 dividend. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

Several large investors have recently bought and sold shares of FDFF. Jane Street Group LLC raised its position in shares of Fidelity Disruptive Finance ETF by 532.8% during the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after buying an additional 75,824 shares during the last quarter. POM Investment Strategies LLC lifted its stake in shares of Fidelity Disruptive Finance ETF by 119.6% in the second quarter. POM Investment Strategies LLC now owns 19,240 shares of the company’s stock valued at $637,000 after buying an additional 10,480 shares during the period. Virtu Financial LLC acquired a new stake in Fidelity Disruptive Finance ETF during the third quarter worth about $263,000. Finally, Osaic Holdings Inc. grew its position in Fidelity Disruptive Finance ETF by 443.5% during the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 887 shares in the last quarter.

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.