Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Update

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 32,135 shares, a decrease of 40.3% from the July 15th total of 53,818 shares. Based on an average trading volume of 26,011 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at approximately $27,000. Birchwood Financial Partners Inc. acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at $34,000. Prairie Wealth Advisors Inc. increased its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock valued at $632,000 after acquiring an additional 1,960 shares during the period. Mutual Advisors LLC raised its position in Fidelity Crypto Industry and Digital Payments ETF by 4.4% in the 4th quarter. Mutual Advisors LLC now owns 54,915 shares of the company’s stock valued at $2,116,000 after purchasing an additional 2,339 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at $129,000.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of FDIG stock traded down $1.57 during mid-day trading on Tuesday, hitting $40.48. 22,198 shares of the stock were exchanged, compared to its average volume of 46,688. The stock’s fifty day simple moving average is $42.48 and its two-hundred day simple moving average is $40.20. Fidelity Crypto Industry and Digital Payments ETF has a 12-month low of $30.64 and a 12-month high of $60.29. The stock has a market capitalization of $246.93 million, a price-to-earnings ratio of 19.69 and a beta of 3.00.

Fidelity Crypto Industry and Digital Payments 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 paid a dividend of $0.153 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.61 dividend on an annualized basis and a yield of 1.5%. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03.

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.