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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 144 shares, a drop of 82.7% from the April 15th total of 834 shares. Based on an average trading volume of 3,436 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Fidelity Disruptive Finance ETF Price Performance

Shares of FDFF stock traded down $0.27 during mid-day trading on Wednesday, hitting $33.13. The stock had a trading volume of 3,878 shares, compared to its average volume of 3,478. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $39.15. The firm has a market cap of $39.76 million, a PE ratio of 24.27 and a beta of 1.18. The company’s 50-day simple moving average is $32.47 and its 200-day simple moving average is $34.02.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a $0.05 dividend. This is a boost from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%.

Institutional Trading of Fidelity Disruptive Finance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC lifted its stake in shares of Fidelity Disruptive Finance ETF by 77.5% in 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. Jane Street Group LLC increased its holdings in Fidelity Disruptive Finance ETF by 532.8% during the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after acquiring an additional 75,824 shares in the last quarter. Key Capital Management INC purchased a new position in Fidelity Disruptive Finance ETF during the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Finance ETF during the 4th quarter valued at about $39,000. Finally, AE Wealth Management LLC increased its holdings in Fidelity Disruptive Finance ETF by 103.0% during the 3rd quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock valued at $732,000 after acquiring an additional 10,260 shares in the last quarter.

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.