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

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 49,003 shares, a drop of 67.1% from the September 30th total of 148,902 shares. Based on an average daily trading volume, of 27,867 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several institutional investors and hedge funds have recently made changes to their positions in FDIG. Citadel Advisors LLC increased its holdings in Fidelity Crypto Industry and Digital Payments ETF by 104.1% in the second quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock worth $2,538,000 after purchasing an additional 30,294 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth approximately $869,000. NewEdge Advisors LLC boosted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after buying an additional 1,076 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 3.4% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock worth $494,000 after buying an additional 380 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the 1st quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after buying an additional 7,149 shares during the period.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 1.6%

FDIG stock traded down $0.57 during midday trading on Thursday, hitting $35.22. The stock had a trading volume of 16,967 shares, compared to its average volume of 41,337. The firm has a market cap of $207.80 million, a P/E ratio of 19.69 and a beta of 3.00. Fidelity Crypto Industry and Digital Payments ETF has a 1-year low of $30.64 and a 1-year high of $55.23. The business has a fifty day moving average price of $41.84 and a two-hundred day moving average price of $40.79.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were paid a $0.0230 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. This is a negative change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530.

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.