Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Large Decrease in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 870 shares, a decrease of 41.6% from the March 15th total of 1,490 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,877 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

Several hedge funds have recently made changes to their positions in FDFF. Jane Street Group LLC lifted its holdings in shares of Fidelity Disruptive Finance ETF by 532.8% in the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after buying an additional 75,824 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Fidelity Disruptive Finance ETF by 103.0% in the 3rd quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock worth $732,000 after buying an additional 10,260 shares during the period. Virtu Financial LLC purchased a new stake in shares of Fidelity Disruptive Finance ETF in the 3rd quarter worth $263,000. Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Disruptive Finance ETF in the 4th quarter worth $39,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Fidelity Disruptive Finance ETF by 443.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 887 shares during the period.

Fidelity Disruptive Finance ETF Stock Performance

Fidelity Disruptive Finance ETF stock traded up $0.60 during mid-day trading on Wednesday, hitting $34.11. The company’s stock had a trading volume of 3,562 shares, compared to its average volume of 3,566. The company has a 50 day moving average of $32.14 and a 200-day moving average of $34.31. The stock has a market cap of $40.93 million, a PE ratio of 24.27 and a beta of 1.27. Fidelity Disruptive Finance ETF has a one year low of $30.16 and a one year high of $39.15.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a $0.05 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Fidelity Disruptive Finance ETF Company Profile

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.