Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Drop in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 271 shares, a decline of 69.9% from the June 30th total of 900 shares. Based on an average daily trading volume, of 2,737 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Disruptive Finance ETF Stock Up 2.2%

Shares of Fidelity Disruptive Finance ETF stock traded up $0.75 during mid-day trading on Monday, reaching $35.23. 4,207 shares of the stock traded hands, compared to its average volume of 3,650. The stock has a market capitalization of $42.28 million, a PE ratio of 24.27 and a beta of 1.14. The business has a 50-day moving average of $33.50 and a 200 day moving average of $33.43. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $39.00.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a dividend of $0.188 per share. The ex-dividend date was Thursday, June 18th. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 annualized dividend and a dividend yield of 2.1%.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its holdings in shares of Fidelity Disruptive Finance ETF by 77.5% during the fourth quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock worth $459,000 after buying an additional 5,627 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Fidelity Disruptive Finance ETF by 532.8% during the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the last quarter. Key Capital Management INC acquired a new position in Fidelity Disruptive Finance ETF during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter valued at about $39,000. Finally, Osaic Holdings Inc. boosted its holdings in Fidelity Disruptive Finance ETF by 443.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 887 shares during the last quarter.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.