Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Down 0.2% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price traded down 0.2% during trading on Thursday . The stock traded as low as $20.22 and last traded at $20.31. 4,161 shares were traded during trading, a decline of 59% from the average session volume of 10,078 shares. The stock had previously closed at $20.35.

Fidelity Electric Vehicles and Future Transportation ETF Trading Down 3.1%

The firm has a 50-day moving average of $17.65 and a 200 day moving average of $17.20. The stock has a market capitalization of $37.39 million, a price-to-earnings ratio of 21.91 and a beta of 1.36.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FDRV. EFG International AG acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter worth approximately $33,000. Jane Street Group LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter worth approximately $203,000. Finally, OLD Mission Capital LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter worth approximately $539,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.