Fidelity Disruptors ETF (NASDAQ:FDIF) Short Interest Up 119.0% in March

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 276 shares, an increase of 119.0% from the February 26th total of 126 shares. Based on an average daily volume of 4,943 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Fidelity Disruptors ETF Price Performance

Shares of NASDAQ FDIF traded down $0.74 during mid-day trading on Friday, hitting $31.71. The company’s stock had a trading volume of 10,734 shares, compared to its average volume of 7,624. Fidelity Disruptors ETF has a one year low of $25.25 and a one year high of $37.23. The company’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $35.39. The stock has a market cap of $88.79 million, a price-to-earnings ratio of 27.66 and a beta of 1.26.

Fidelity Disruptors ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a dividend of $0.016 per share. The ex-dividend date was Friday, March 20th. This represents a $0.06 annualized dividend and a dividend yield of 0.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Fidelity Disruptors ETF in the fourth quarter worth $75,000. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Disruptors ETF by 5.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock valued at $428,000 after buying an additional 579 shares during the period. Bank of Montreal Can increased its position in shares of Fidelity Disruptors ETF by 40.0% in the 4th quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock valued at $69,000 after buying an additional 550 shares in the last quarter. Sfmg LLC raised its stake in Fidelity Disruptors ETF by 3.8% during the 4th quarter. Sfmg LLC now owns 219,730 shares of the company’s stock worth $7,868,000 after buying an additional 8,077 shares during the period. Finally, Godfrey Financial Associates Inc. acquired a new stake in Fidelity Disruptors ETF during the 4th quarter worth $36,000.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.