Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Large Drop in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 17,313 shares, a decrease of 46.1% from the July 30th total of 32,135 shares. Based on an average daily volume of 32,002 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

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

Several large investors have recently modified their holdings of FDIG. Jane Street Group LLC grew its position in Fidelity Crypto Industry and Digital Payments ETF by 244.2% in the 1st 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 shares of Fidelity Crypto Industry and Digital Payments ETF in the third quarter valued at about $4,633,000. Bank of America Corp DE increased its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 968.5% during the third 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 during the period. Mutual Advisors LLC raised its holdings in Fidelity Crypto Industry and Digital Payments ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 54,915 shares of the company’s stock worth $2,116,000 after purchasing an additional 2,339 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 18.7% in the first quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock valued at $1,490,000 after purchasing an additional 7,149 shares during the period.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

NASDAQ FDIG traded down $2.25 during trading on Friday, reaching $43.37. The company’s stock had a trading volume of 16,216 shares, compared to its average volume of 45,675. The business’s fifty day moving average price is $42.29 and its 200-day moving average price is $40.52. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $30.64 and a twelve month high of $60.29. The firm has a market cap of $264.56 million, a price-to-earnings ratio of 19.69 and a beta of 3.00.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a dividend of $0.153 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.61 annualized dividend and a yield of 1.4%. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03.

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.