Short Interest in Fidelity Disruptors ETF (NASDAQ:FDIF) Expands By 210.0%

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,290 shares, an increase of 210.0% from the April 15th total of 2,029 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,154 shares, the days-to-cover ratio is presently 1.2 days.

Fidelity Disruptors ETF Stock Performance

FDIF traded down $0.71 during trading hours on Friday, reaching $37.45. The company’s stock had a trading volume of 7,963 shares, compared to its average volume of 6,930. Fidelity Disruptors ETF has a 52 week low of $31.31 and a 52 week high of $38.25. The company’s 50-day moving average is $35.03 and its 200-day moving average is $35.43. The firm has a market cap of $101.12 million, a PE ratio of 27.66 and a beta of 1.25.

Fidelity Disruptors ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a dividend of $0.016 per share. The ex-dividend date was Friday, March 20th. This represents a $0.06 annualized dividend and a yield of 0.2%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FDIF. Sfmg LLC increased its position in shares of 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. Jane Street Group LLC bought a new position in shares of Fidelity Disruptors ETF in the second quarter worth $2,207,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Disruptors ETF by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock worth $428,000 after purchasing an additional 579 shares during the period. MFA Wealth Services increased its position in shares of 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 purchasing an additional 298 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of 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 purchasing an additional 6,364 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.