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

Fidelity Disruptive Finance ETF (NASDAQ:FDFF – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,412 shares, an increase of 790.0% from the July 15th total of 271 shares. Based on an average daily trading volume, of 5,049 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Disruptive Finance ETF Price Performance

Fidelity Disruptive Finance ETF stock traded up $0.31 during midday trading on Thursday, reaching $37.12. 1,178 shares of the company traded hands, compared to its average volume of 3,688. The business has a 50 day moving average of $34.27 and a two-hundred day moving average of $33.41. The firm has a market capitalization of $44.54 million, a price-to-earnings ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 12 month low of $30.16 and a 12 month high of $38.25.

Get Fidelity Disruptive Finance ETF alerts:

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FDFF. Key Capital Management INC purchased a new position in Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $25,000. Osaic Holdings Inc. lifted its position in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after acquiring an additional 887 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Fidelity Disruptive Finance ETF by 77.5% in the fourth quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock worth $459,000 after acquiring an additional 5,627 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Fidelity Disruptive Finance ETF by 532.8% in the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after acquiring an additional 75,824 shares during the period.

Fidelity Disruptive Finance ETF Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Fidelity Disruptive Finance ETF
• Axos Financial Keeps Proving the Digital Banking Model Works
• SpaceX’s First Earnings Report Only Made Wall Street More Divided
• Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Abercrombie’s Comeback Is a Work in Progress

Receive News & Ratings for Fidelity Disruptive Finance ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Disruptive Finance ETF and related companies with MarketBeat.com's FREE daily email newsletter.