Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Shares Down 2% – Should You Sell?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) shares fell 2% during mid-day trading on Thursday . The company traded as low as $17.34 and last traded at $17.40. 7,094 shares were traded during trading, a decline of 54% from the average session volume of 15,579 shares. The stock had previously closed at $17.75.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

The stock has a market cap of $33.06 million, a price-to-earnings ratio of 21.91 and a beta of 1.36. The stock’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $16.75.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

An institutional investor recently raised its position in Fidelity Electric Vehicles and Future Transportation ETF stock. Flow Traders U.S. LLC increased its holdings in Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) by 58.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,501 shares of the company’s stock after purchasing an additional 16,076 shares during the period. Flow Traders U.S. LLC owned approximately 2.29% of Fidelity Electric Vehicles and Future Transportation ETF worth $644,000 at the end of the most recent quarter.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.