Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Drop in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 400 shares, a drop of 63.6% from the September 15th total of 1,100 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of Fidelity Disruptive Finance ETF by 443.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 887 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Fidelity Disruptive Finance ETF during the 2nd quarter valued at approximately $381,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Fidelity Disruptive Finance ETF during the 1st quarter valued at approximately $563,000.

Fidelity Disruptive Finance ETF Trading Up 0.6%

Fidelity Disruptive Finance ETF stock opened at $35.16 on Friday. The stock has a market cap of $45.71 million, a P/E ratio of 24.27 and a beta of 1.37. The stock has a 50 day moving average of $37.00 and a 200-day moving average of $36.73. Fidelity Disruptive Finance ETF has a 52 week low of $29.92 and a 52 week high of $39.78.

Fidelity Disruptive Finance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.064 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 19th.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.