Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Update

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 19,216 shares, a decline of 19.5% from the February 26th total of 23,872 shares. Based on an average daily volume of 31,393 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of NASDAQ FDIG opened at $31.91 on Monday. The stock has a market cap of $216.99 million, a PE ratio of 19.69 and a beta of 3.05. Fidelity Crypto Industry and Digital Payments ETF has a 1 year low of $20.52 and a 1 year high of $60.29. The firm has a fifty day moving average price of $37.18 and a 200-day moving average price of $43.20.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a $0.032 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 20th.

Institutional Trading of Fidelity Crypto Industry and Digital Payments ETF

Institutional investors have recently made changes to their positions in the business. Mutual Advisors LLC purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth approximately $2,770,000. AE Wealth Management LLC grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 58.5% during the 3rd quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock valued at $177,000 after buying an additional 1,330 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the third quarter valued at approximately $586,000. B. Riley Wealth Advisors Inc. raised its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 2.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,598 shares of the company’s stock valued at $618,000 after buying an additional 303 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter worth $277,000.

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.