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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,100 shares, a decrease of 26.7% from the August 31st total of 1,500 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 0.2 days.

Fidelity Disruptive Finance ETF Stock Up 0.2%

NASDAQ:FDFF opened at $36.60 on Tuesday. Fidelity Disruptive Finance ETF has a twelve month low of $29.92 and a twelve month high of $39.78. The firm has a market capitalization of $51.23 million, a price-to-earnings ratio of 24.27 and a beta of 1.37. The stock’s 50 day moving average price is $37.36 and its two-hundred day moving average price is $36.71.

Fidelity Disruptive Finance ETF Cuts Dividend

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

Institutional Trading of Fidelity Disruptive Finance ETF

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position 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 valued at $42,000 after acquiring an additional 887 shares during the period. AE Wealth Management LLC acquired a new stake in Fidelity Disruptive Finance ETF in the 2nd quarter valued at about $381,000. Cambridge Investment Research Advisors Inc. bought a new position in Fidelity Disruptive Finance ETF during the first quarter worth about $563,000. Finally, Bank of America Corp DE acquired a new position in Fidelity Disruptive Finance ETF during the fourth quarter worth approximately $428,000.

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.