Fidelity Disruptors ETF (NASDAQ:FDIF) Sees Large Decrease in Short Interest

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 190 shares, a decrease of 90.0% from the October 15th total of 1,901 shares. Based on an average daily trading volume, of 25,013 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Disruptors ETF Trading Up 0.0%

Shares of FDIF stock traded up $0.01 on Wednesday, reaching $38.90. The company’s stock had a trading volume of 1,621 shares, compared to its average volume of 8,464. The stock’s fifty day simple moving average is $40.97 and its 200-day simple moving average is $38.26. Fidelity Disruptors ETF has a 1 year low of $31.31 and a 1 year high of $42.84. The company has a market capitalization of $93.35 million, a price-to-earnings ratio of 27.24 and a beta of 1.26.

Fidelity Disruptors ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity Disruptors ETF in the 3rd quarter worth $675,000. MFA Wealth Services boosted its holdings in Fidelity Disruptors ETF by 4.5% in the third quarter. MFA Wealth Services now owns 12,229 shares of the company’s stock worth $510,000 after acquiring an additional 525 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Fidelity Disruptors ETF by 17.7% in the 2nd quarter. Citadel Advisors LLC now owns 10,568 shares of the company’s stock valued at $428,000 after acquiring an additional 1,591 shares during the period.

About Fidelity Disruptors ETF

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.