Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Down 7.3% – Time to Sell?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price fell 7.3% during trading on Friday . The company traded as low as $19.58 and last traded at $19.58. 20,432 shares were traded during trading, an increase of 95% from the average session volume of 10,475 shares. The stock had previously closed at $21.12.

Fidelity Electric Vehicles and Future Transportation ETF Stock Down 7.3%

The company has a market cap of $37.20 million, a P/E ratio of 21.91 and a beta of 1.36. The business has a fifty day moving average of $18.82 and a 200 day moving average of $17.51.

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

A number of institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth $539,000. Jane Street Group LLC bought a new position in Fidelity Electric Vehicles and Future Transportation ETF in the second quarter worth $203,000. Finally, EFG International AG bought a new position in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth $33,000.

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.