Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Down 46.1% in August

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 17,313 shares, a decline of 46.1% from the July 30th total of 32,135 shares. Based on an average trading volume of 32,002 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of FDIG traded down $1.35 during trading hours on Tuesday, hitting $42.41. 27,644 shares of the stock were exchanged, compared to its average volume of 45,453. The stock’s 50-day moving average price is $42.24 and its two-hundred day moving average price is $40.58. The company has a market cap of $258.70 million, a price-to-earnings ratio of 19.69 and a beta of 3.00. Fidelity Crypto Industry and Digital Payments ETF has a 12-month low of $30.64 and a 12-month high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.153 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.61 annualized dividend and a yield of 1.4%. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 98,374 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter valued at $222,000. B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 2nd quarter worth $438,000. Prairie Wealth Advisors Inc. grew its stake in Fidelity Crypto Industry and Digital Payments ETF by 18.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock worth $632,000 after purchasing an additional 1,960 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in Fidelity Crypto Industry and Digital Payments ETF in the third quarter valued at approximately $4,633,000.

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.