Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Update

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,412 shares, an increase of 790.0% from the July 15th total of 271 shares. Based on an average daily trading volume, of 5,049 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in Fidelity Disruptive Finance ETF by 532.8% in the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock valued at $3,208,000 after purchasing an additional 75,824 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Fidelity Disruptive Finance ETF by 77.5% in the 4th quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after acquiring an additional 5,627 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of 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 acquiring an additional 887 shares during the last quarter. Finally, Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Finance ETF during the 4th quarter valued at $25,000.

Fidelity Disruptive Finance ETF Price Performance

FDFF traded down $0.02 during midday trading on Wednesday, reaching $36.85. 594 shares of the company’s stock were exchanged, compared to its average volume of 3,696. The business’s 50-day moving average price is $34.18 and its 200 day moving average price is $33.40. The stock has a market capitalization of $44.22 million, a PE ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 1-year low of $30.16 and a 1-year high of $38.25.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a dividend of $0.188 per share. The ex-dividend date of this dividend 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 yield of 2.0%.

Fidelity Disruptive Finance ETF Company Profile

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.