Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Shares Shorted: Short Interest Up 1,586.3% in September

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 148,902 shares, a growth of 1,586.3% from the September 15th total of 8,830 shares. Based on an average daily trading volume, of 24,276 shares, the days-to-cover ratio is currently 6.1 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FDIG. 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 worth $367,000 after purchasing an additional 4,000 shares during the period. NewEdge Advisors LLC raised its holdings in Fidelity Crypto Industry and Digital Payments ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after purchasing an additional 1,076 shares in the last quarter. Kestra Advisory Services LLC lifted its position in 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 valued at $1,490,000 after buying an additional 7,149 shares during the period. Finally, Citadel Advisors LLC lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 104.1% during the second quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock valued at $2,538,000 after buying an additional 30,294 shares during the period.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

FDIG traded up $0.54 on Friday, hitting $40.19. The company had a trading volume of 16,845 shares, compared to its average volume of 42,312. Fidelity Crypto Industry and Digital Payments ETF has a 52-week low of $30.64 and a 52-week high of $60.29. The stock has a fifty day simple moving average of $43.22 and a 200-day simple moving average of $42.13. The firm has a market capitalization of $237.12 million, a P/E ratio of 19.69 and a beta of 3.00.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.0230 per share. This is a negative change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530. The ex-dividend date was Friday, September 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.2%.

About Fidelity Crypto Industry and Digital Payments ETF

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.