Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Significant Increase in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 5,807 shares, an increase of 168.5% from the April 30th total of 2,163 shares. Based on an average daily volume of 55,306 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

Large investors have recently modified their holdings of the company. Allworth Financial LP purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at $27,000. Birchwood Financial Partners Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at $34,000. Ameritas Advisory Services LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at $101,000. Advisory Services Network LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at $129,000. Finally, AE Wealth Management LLC raised its position in Fidelity Crypto Industry and Digital Payments ETF by 58.5% in the 3rd quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock valued at $177,000 after buying an additional 1,330 shares during the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 0.2%

Shares of FDIG traded down $0.09 during trading hours on Friday, reaching $47.63. The stock had a trading volume of 56,700 shares, compared to its average volume of 52,378. Fidelity Crypto Industry and Digital Payments ETF has a 12 month low of $29.10 and a 12 month high of $60.29. The firm has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $39.99. The company has a market capitalization of $309.60 million, a price-to-earnings ratio of 19.69 and a beta of 2.96.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, March 20th.

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.