Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Shares Shorted: Short Interest Up 9,914.7% in September

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 44,165 shares, an increase of 9,914.7% from the August 31st total of 441 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 2,642 shares, the days-to-cover ratio is currently 16.7 days.

Fidelity Disruptive Finance ETF Price Performance

Fidelity Disruptive Finance ETF stock opened at $34.97 on Friday. The company’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $34.17. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $38.40. The firm has a market capitalization of $41.96 million, a price-to-earnings ratio of 24.27 and a beta of 1.12.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were issued a $0.0640 dividend. This represents a $0.26 annualized dividend and a yield of 0.7%. This is a drop from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.1880. The ex-dividend date was Friday, September 18th.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

A hedge fund recently raised its stake in Fidelity Disruptive Finance ETF stock. Citadel Advisors LLC raised its holdings in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) by 123.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,845 shares of the company’s stock after acquiring an additional 17,596 shares during the period. Citadel Advisors LLC owned about 2.65% of Fidelity Disruptive Finance ETF worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

About Fidelity Disruptive Finance ETF

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.