Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Shares Shorted: Short Interest Up 1,586.3% in September

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 148,902 shares, a growth of 1,586.3% from the September 15th total of 8,830 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily volume of 24,276 shares, the short-interest ratio is currently 6.1 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Up 1.4%

Fidelity Crypto Industry and Digital Payments ETF stock opened at $40.19 on Friday. The company has a fifty day simple moving average of $43.22 and a 200-day simple moving average of $42.13. The firm has a market capitalization of $237.12 million, a price-to-earnings ratio of 19.69 and a beta of 3.00. Fidelity Crypto Industry and Digital Payments ETF has a 52-week low of $30.64 and a 52-week high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.0230 per share. The ex-dividend date was Friday, September 18th. This represents a $0.09 annualized dividend and a dividend yield of 0.2%. This is a decrease from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDIG. Citadel Advisors LLC raised its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 104.1% during the 2nd quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock worth $2,538,000 after acquiring an additional 30,294 shares during the period. NewEdge Advisors LLC increased its position in Fidelity Crypto Industry and Digital Payments ETF by 9.3% during the second quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after purchasing an additional 1,076 shares during the last quarter. Sterling Investment Advisors Ltd. increased its position in Fidelity Crypto Industry and Digital Payments ETF by 3.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock worth $494,000 after purchasing an additional 380 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the first quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after purchasing an additional 7,149 shares during the period.

About Fidelity Crypto Industry and Digital Payments ETF

(Get Free Report)

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.

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