Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Up 191.7% in June

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 16,243 shares, an increase of 191.7% from the May 31st total of 5,568 shares. Based on an average daily volume of 16,252 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are short sold.

Fidelity Electric Vehicles and Future Transportation ETF Stock Down 1.8%

FDRV stock opened at $18.52 on Friday. Fidelity Electric Vehicles and Future Transportation ETF has a 52 week low of $14.62 and a 52 week high of $21.63. The firm has a 50-day simple moving average of $19.60 and a 200-day simple moving average of $17.85. The stock has a market capitalization of $35.19 million, a P/E ratio of 21.91 and a beta of 1.36.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EFG International AG acquired a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter worth about $33,000. Jane Street Group LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF in the 2nd quarter valued at about $203,000. Finally, OLD Mission Capital LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter valued at about $539,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.