Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Significant Decline in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 23,054 shares, a decrease of 42.7% from the January 29th total of 40,201 shares. Based on an average daily volume of 86,299 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 86,299 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDIG. Allworth Financial LP bought a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter valued at approximately $34,000. Howe & Rusling Inc. purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the second quarter valued at approximately $36,000. Ameritas Advisory Services LLC purchased a new position in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth $101,000. Finally, Advisory Services Network LLC bought a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter valued at $129,000.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of Fidelity Crypto Industry and Digital Payments ETF stock traded down $1.33 on Friday, reaching $35.73. The company had a trading volume of 35,761 shares, compared to its average volume of 63,596. The firm’s 50-day moving average price is $39.61 and its two-hundred day moving average price is $43.73. 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 market cap of $242.96 million, a price-to-earnings ratio of 19.69 and a beta of 3.05.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.42 dividend. This is an increase from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02. This represents a $1.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, December 19th.

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.