Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Decreases By 46.1%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 17,313 shares, a drop of 46.1% from the July 30th total of 32,135 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 32,002 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Investment Advisors Ltd. grew its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 55.7% in the first quarter. Sterling Investment Advisors Ltd. now owns 11,185 shares of the company’s stock worth $367,000 after acquiring an additional 4,000 shares during the period. Kestra Advisory Services LLC lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the first quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock valued at $1,490,000 after purchasing an additional 7,149 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter worth approximately $34,000. NewEdge Advisors LLC bought a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth approximately $448,000. Finally, Quadrature Capital Ltd bought a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth approximately $228,000.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of NASDAQ:FDIG traded up $0.39 during midday trading on Monday, reaching $43.76. 26,543 shares of the company’s stock traded hands, compared to its average volume of 45,560. The company has a market cap of $266.94 million, a price-to-earnings ratio of 19.69 and a beta of 3.00. Fidelity Crypto Industry and Digital Payments ETF has a one year low of $30.64 and a one year high of $60.29. The stock has a 50 day moving average of $42.29 and a 200 day moving average of $40.54.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.153 dividend. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.61 dividend on an annualized basis and a yield of 1.4%.

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.