Fidelity Digital Health ETF (BATS:FDHT) Trading Down 14.4% – What’s Next?

Fidelity Digital Health ETF (BATS:FDHT) shares traded down 14.4% during trading on Wednesday . The stock traded as low as $21.79 and last traded at $18.91. 8,910 shares traded hands during mid-day trading, an increase of 362% from the average session volume of 1,927 shares. The stock had previously closed at $22.09.

Fidelity Digital Health ETF Stock Down 20.6 %

The business’s fifty day moving average is $20.44 and its 200-day moving average is $20.37. The stock has a market capitalization of $7.02 million, a PE ratio of 36.57 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Digital Health ETF stock. Citadel Advisors LLC bought a new stake in Fidelity Digital Health ETF (BATS:FDHT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,832 shares of the company’s stock, valued at approximately $290,000. Citadel Advisors LLC owned 2.97% of Fidelity Digital Health ETF at the end of the most recent quarter.

Fidelity Digital Health ETF Company Profile

The Fidelity Digital Health ETF (FDHT) is an exchange-traded fund that is based on the Fidelity Digital Health index, a market-cap-weighted index of globally-listed companies involved in digital health technologies. FDHT was launched on Oct 5, 2021 and is managed by Fidelity.