Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Large Increase in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,412 shares, a growth of 790.0% from the July 15th total of 271 shares. Based on an average daily volume of 5,049 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity Disruptive Finance ETF Trading Up 0.6%

NASDAQ FDFF traded up $0.21 during trading hours on Tuesday, hitting $36.85. 594 shares of the company’s stock traded hands, compared to its average volume of 3,696. The business’s fifty day moving average price is $34.18 and its two-hundred day moving average price is $33.40. The firm has a market capitalization of $44.22 million, a P/E ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 52 week low of $30.16 and a 52 week high of $38.25.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a dividend of $0.188 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. This is a boost from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

Several hedge funds and other institutional investors have recently modified their holdings of FDFF. Jane Street Group LLC raised its holdings in Fidelity Disruptive Finance ETF by 532.8% in the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the period. Virtu Financial LLC grew its holdings in Fidelity Disruptive Finance ETF by 77.5% during the fourth quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after purchasing an additional 5,627 shares during the period. Osaic Holdings Inc. grew its holdings 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 valued at $42,000 after purchasing an additional 887 shares during the period. Finally, Key Capital Management INC purchased a new stake in Fidelity Disruptive Finance ETF in the fourth quarter worth about $25,000.

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.