Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Update

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 19,216 shares, a decline of 19.5% from the February 26th total of 23,872 shares. Based on an average daily trading volume, of 31,393 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Fidelity Crypto Industry and Digital Payments ETF Trading Up 5.8%

NASDAQ:FDIG traded up $1.80 during mid-day trading on Tuesday, hitting $32.78. The stock had a trading volume of 44,337 shares, compared to its average volume of 52,686. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $20.52 and a twelve month high of $60.29. The stock has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $43.11. The company has a market capitalization of $222.90 million, a PE ratio of 19.69 and a beta of 3.05.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, March 20th.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several institutional investors have recently modified their holdings of FDIG. Jane Street Group LLC increased its holdings in Fidelity Crypto Industry and Digital Payments ETF by 244.2% in the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock valued at $3,360,000 after buying an additional 98,374 shares during the last quarter. Bank of America Corp DE acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth approximately $222,000. B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth approximately $438,000. Traynor Capital Management Inc. purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth approximately $586,000. Finally, AE Wealth Management LLC lifted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 58.5% during the 3rd quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock worth $177,000 after buying an additional 1,330 shares during the last quarter.

About Fidelity Crypto Industry and Digital Payments ETF

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.