Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Short Interest Rises 333.0%

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,901 shares, a growth of 333.0% from the September 30th total of 439 shares. Based on an average trading volume of 4,656 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity Disruptors ETF Stock Down 0.5%

FDIF opened at $41.06 on Friday. The firm has a market cap of $102.65 million, a PE ratio of 27.66 and a beta of 1.24. The business has a fifty day simple moving average of $41.39 and a 200-day simple moving average of $38.15. Fidelity Disruptors ETF has a fifty-two week low of $31.31 and a fifty-two week high of $42.84.

Fidelity Disruptors ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.02 per share. This is a negative change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340. This represents a $0.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 18th.

Hedge Funds Weigh In On Fidelity Disruptors ETF

A hedge fund recently raised its position in Fidelity Disruptors ETF stock. MFA Wealth Services boosted its stake in shares of Fidelity Disruptors ETF (NASDAQ:FDIF) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,229 shares of the company’s stock after buying an additional 525 shares during the period. MFA Wealth Services owned about 0.47% of Fidelity Disruptors ETF worth $510,000 at the end of the most recent reporting period.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.