Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Up 61,050.0% in January

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 101,509 shares, a growth of 61,050.0% from the January 15th total of 166 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average daily volume of 3,319 shares, the short-interest ratio is currently 30.6 days. Based on an average daily volume of 3,319 shares, the short-interest ratio is currently 30.6 days. Approximately 7.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Key Capital Management INC purchased a new position in shares of Fidelity Disruptive Finance ETF in the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new stake in Fidelity Disruptive Finance ETF in the 4th quarter valued at $39,000. Osaic Holdings Inc. lifted its stake in 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 purchasing an additional 887 shares in the last quarter. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Finance ETF in the 3rd quarter worth $263,000. Finally, AE Wealth Management LLC bought a new position in shares of Fidelity Disruptive Finance ETF during the 2nd quarter valued at about $381,000.

Fidelity Disruptive Finance ETF Stock Performance

Shares of Fidelity Disruptive Finance ETF stock opened at $34.20 on Wednesday. Fidelity Disruptive Finance ETF has a fifty-two week low of $29.92 and a fifty-two week high of $39.37. The company has a market capitalization of $44.45 million, a P/E ratio of 24.27 and a beta of 1.32. The company has a fifty day moving average of $35.65 and a 200 day moving average of $36.08.

Fidelity Disruptive Finance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, December 19th.

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.