Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Down 45.7% in December

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 44,006 shares, a decline of 45.7% from the December 15th total of 80,995 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 70,897 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 70,897 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of FDIG stock traded down $0.15 during trading hours on Thursday, hitting $44.26. 29,774 shares of the company’s stock were exchanged, compared to its average volume of 59,777. The stock has a market cap of $300.93 million, a price-to-earnings ratio of 19.69 and a beta of 3.05. Fidelity Crypto Industry and Digital Payments ETF has a 52 week low of $20.52 and a 52 week high of $60.29. The stock’s 50-day moving average is $42.33 and its 200-day moving average is $43.55.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.68 annualized dividend and a yield of 3.8%. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. boosted its holdings in Fidelity Crypto Industry and Digital Payments ETF by 3.8% in the fourth quarter. Traynor Capital Management Inc. now owns 12,387 shares of the company’s stock valued at $477,000 after acquiring an additional 457 shares during the last quarter. Advisory Services Network LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter valued at about $129,000. Financial Engines Advisors L.L.C. bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at about $4,633,000. Bank of America Corp DE grew its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 968.5% during the 3rd quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock worth $3,273,000 after buying an additional 60,442 shares during the period. Finally, Prairie Wealth Advisors Inc. boosted its stake in Fidelity Crypto Industry and Digital Payments ETF by 18.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock valued at $632,000 after acquiring an additional 1,960 shares during the last quarter.

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.