Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Get Free Report) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 7,546 shares, an increase of 396.8% from the October 15th total of 1,519 shares. Based on an average daily trading volume, of 6,487 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF stock. Root Financial Partners LLC acquired a new stake in Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,402 shares of the company’s stock, valued at approximately $39,000. Root Financial Partners LLC owned 0.13% of Fidelity Electric Vehicles and Future Transportation ETF as of its most recent SEC filing.
Fidelity Electric Vehicles and Future Transportation ETF Stock Performance
FDRV stock opened at $15.01 on Wednesday. The stock has a market capitalization of $21.76 million, a PE ratio of 14.82 and a beta of 1.44. The company has a fifty day moving average of $15.90 and a 200-day moving average of $17.56. Fidelity Electric Vehicles and Future Transportation ETF has a one year low of $14.47 and a one year high of $21.63.
About Fidelity Electric Vehicles and Future Transportation ETF
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.
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