Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Up 1,243.3% in June

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 900 shares, an increase of 1,243.3% from the June 15th total of 67 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,157 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Disruptive Finance ETF Stock Performance

Fidelity Disruptive Finance ETF stock traded up $0.14 during trading on Friday, reaching $34.56. 1,830 shares of the company’s stock were exchanged, compared to its average volume of 3,494. Fidelity Disruptive Finance ETF has a 52-week low of $30.16 and a 52-week high of $39.15. The firm has a market cap of $41.47 million, a price-to-earnings ratio of 24.27 and a beta of 1.14. The company’s 50-day moving average is $33.25 and its two-hundred day moving average is $33.54.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.188 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 annualized dividend and a dividend yield of 2.2%.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDFF. Key Capital Management INC acquired a new stake in Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $25,000. Jane Street Group LLC boosted its position in shares of Fidelity Disruptive Finance ETF by 532.8% in the fourth 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 during the period. Virtu Financial LLC grew its stake in Fidelity Disruptive Finance ETF by 77.5% during the 4th quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after acquiring an additional 5,627 shares in the last quarter. Osaic Holdings Inc. grew its position in Fidelity Disruptive Finance ETF by 443.5% during the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 887 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Finance ETF during the 4th quarter valued at $39,000.

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.