Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 7,546 shares, a growth of 396.8% from the October 15th total of 1,519 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,487 shares, the days-to-cover ratio is presently 1.2 days.
Fidelity Electric Vehicles and Future Transportation ETF Price Performance
Shares of FDRV stock opened at $15.01 on Wednesday. The business’s fifty day moving average price is $15.90 and its 200 day moving average price is $17.56. Fidelity Electric Vehicles and Future Transportation ETF has a 1-year low of $14.47 and a 1-year high of $21.63. The firm has a market capitalization of $21.76 million, a PE ratio of 14.82 and a beta of 1.44.
Institutional Investors Weigh In On Fidelity Electric Vehicles and Future Transportation ETF
A hedge fund recently bought a new position in Fidelity Electric Vehicles and Future Transportation ETF stock. Root Financial Partners LLC bought a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,402 shares of the company’s stock, valued at approximately $39,000. Root Financial Partners LLC owned approximately 0.13% of Fidelity Electric Vehicles and Future Transportation ETF as of its most recent filing with the SEC.
About Fidelity Electric Vehicles and Future Transportation ETF
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.
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