Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Update

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 8,830 shares, a decrease of 47.0% from the August 31st total of 16,646 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,559 shares, the short-interest ratio is presently 0.4 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 2.0%

Fidelity Crypto Industry and Digital Payments ETF stock traded down $0.86 during trading hours on Wednesday, hitting $42.15. The stock had a trading volume of 29,573 shares, compared to its average volume of 43,075. The business’s 50 day simple moving average is $43.18 and its 200-day simple moving average is $41.91. The stock has a market cap of $252.90 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.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.0230 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.2%. This is a drop from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530. The ex-dividend date was Friday, September 18th.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after acquiring an additional 1,076 shares during the period. Sterling Investment Advisors Ltd. increased its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 3.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock valued at $494,000 after acquiring an additional 380 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 104.1% in the 2nd quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock worth $2,538,000 after purchasing an additional 30,294 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Fidelity Crypto Industry and Digital Payments ETF by 18.7% in the 1st 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.

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.