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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 900 shares, a growth of 1,243.3% from the June 15th total of 67 shares. Based on an average daily trading volume, of 3,157 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Disruptive Finance ETF Price Performance

NASDAQ FDFF traded up $0.14 during trading hours on Friday, reaching $34.56. The company’s stock had a trading volume of 1,830 shares, compared to its average volume of 3,494. The firm has a fifty day simple moving average of $33.25 and a 200-day simple moving average of $33.54. Fidelity Disruptive Finance ETF has a 52 week low of $30.16 and a 52 week high of $39.15. The stock has a market cap of $41.47 million, a P/E ratio of 24.27 and a beta of 1.14.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a dividend of $0.188 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 annualized dividend and a dividend yield of 2.2%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position 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 worth $3,208,000 after purchasing an additional 75,824 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Fidelity Disruptive Finance ETF in the 3rd quarter valued at about $263,000. Raleigh Capital Management Inc. acquired a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter valued at about $39,000. Osaic Holdings Inc. increased its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 887 shares during the period. Finally, Key Capital Management INC bought a new position in shares of Fidelity Disruptive Finance ETF during the fourth quarter worth about $25,000.

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.