Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Up 54,816.3% in July

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 53,818 shares, a growth of 54,816.3% from the June 30th total of 98 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 34,214 shares, the days-to-cover ratio is currently 1.6 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 3.6%

FDIG traded down $1.53 during midday trading on Friday, hitting $40.69. The company had a trading volume of 21,464 shares, compared to its average volume of 48,820. The stock’s 50 day moving average price is $43.78 and its 200 day moving average price is $40.42. Fidelity Crypto Industry and Digital Payments ETF has a 52 week low of $30.64 and a 52 week high of $60.29. The company has a market capitalization of $248.21 million, a price-to-earnings ratio of 19.69 and a beta of 2.99.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. grew its stake in Fidelity Crypto Industry and Digital Payments ETF by 55.7% in the first quarter. Sterling Investment Advisors Ltd. now owns 11,185 shares of the company’s stock valued at $367,000 after acquiring an additional 4,000 shares during the period. Kestra Advisory Services LLC raised its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the first quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after purchasing an additional 7,149 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth approximately $34,000. NewEdge Advisors LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $448,000. Finally, Quadrature Capital Ltd bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $228,000.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

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.