Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Declines By 76.0%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 160 shares, a decline of 76.0% from the November 30th total of 666 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,153 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 5,153 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Fidelity Disruptive Finance ETF Trading Up 0.2%

Shares of NASDAQ:FDFF traded up $0.09 on Thursday, reaching $36.25. The company had a trading volume of 4,966 shares, compared to its average volume of 6,141. The firm has a market capitalization of $47.12 million, a PE ratio of 24.27 and a beta of 1.32. Fidelity Disruptive Finance ETF has a 52-week low of $29.92 and a 52-week high of $39.78. The firm’s 50 day simple moving average is $35.00 and its 200-day simple moving average is $36.64.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.048 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.19 dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A number of institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its holdings in 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 buying an additional 887 shares in the last quarter. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Finance ETF in the third quarter valued at approximately $263,000. Finally, AE Wealth Management LLC purchased a new stake in Fidelity Disruptive Finance ETF during the second quarter valued at about $381,000.

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.