Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Large Growth in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,412 shares, a growth of 790.0% from the July 15th total of 271 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,049 shares, the days-to-cover ratio is presently 0.5 days.

Fidelity Disruptive Finance ETF Stock Performance

NASDAQ:FDFF traded up $0.21 during trading hours on Tuesday, reaching $36.85. The stock had a trading volume of 594 shares, compared to its average volume of 3,696. The stock has a market capitalization of $44.22 million, a PE ratio of 24.27 and a beta of 1.11. Fidelity Disruptive Finance ETF has a 52 week low of $30.16 and a 52 week high of $38.25. The company has a 50 day moving average price of $34.18 and a two-hundred day moving average price of $33.40.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.188 dividend. This is a boost from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, June 18th.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in shares of Fidelity Disruptive Finance ETF by 532.8% in the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after buying an additional 75,824 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Fidelity Disruptive Finance ETF during the 3rd quarter valued at about $263,000. Osaic Holdings Inc. raised its position in shares of Fidelity Disruptive Finance ETF by 443.5% during the 2nd 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. Finally, Key Capital Management INC bought a new position in shares of Fidelity Disruptive Finance ETF in the 4th quarter valued at about $25,000.

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.