Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Large Decline in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 23,054 shares, a decline of 42.7% from the January 29th total of 40,201 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 86,299 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 86,299 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised 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 purchasing an additional 98,374 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at about $4,633,000. Bank of America Corp DE lifted its stake in Fidelity Crypto Industry and Digital Payments ETF by 968.5% in the 3rd quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock valued at $3,273,000 after purchasing an additional 60,442 shares during the last quarter. Mutual Advisors LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the third quarter worth approximately $2,770,000. Finally, Savvy Advisors Inc. bought a new stake in Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at approximately $1,336,000.

Fidelity Crypto Industry and Digital Payments ETF Stock Up 1.5%

Shares of FDIG traded up $0.55 during trading hours on Monday, reaching $36.28. The company’s stock had a trading volume of 20,902 shares, compared to its average volume of 62,506. The firm has a market cap of $246.70 million, a price-to-earnings ratio of 19.69 and a beta of 3.05. The company has a 50 day moving average of $39.61 and a two-hundred day moving average of $43.78. Fidelity Crypto Industry and Digital Payments ETF has a 1-year low of $20.52 and a 1-year high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a dividend of $0.42 per share. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.6%.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

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.