Fidelity Disruptors ETF (NASDAQ:FDIF) Shares Shorted: Short Interest Down 90.0% in October

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 190 shares, a decline of 90.0% from the October 15th total of 1,901 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 25,013 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Disruptors ETF Stock Performance

NASDAQ:FDIF traded down $0.01 during mid-day trading on Friday, reaching $38.86. 36,420 shares of the company’s stock were exchanged, compared to its average volume of 9,203. Fidelity Disruptors ETF has a one year low of $31.31 and a one year high of $42.84. The firm has a market capitalization of $93.26 million, a PE ratio of 27.24 and a beta of 1.26. The business’s fifty day simple moving average is $40.89 and its two-hundred day simple moving average is $38.28.

Fidelity Disruptors ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 18th. This is a drop from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Disruptors ETF in the third quarter valued at approximately $675,000. MFA Wealth Services grew its position in Fidelity Disruptors ETF by 4.5% during the third quarter. MFA Wealth Services now owns 12,229 shares of the company’s stock worth $510,000 after buying an additional 525 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Fidelity Disruptors ETF by 17.7% during the second quarter. Citadel Advisors LLC now owns 10,568 shares of the company’s stock worth $428,000 after buying an additional 1,591 shares in the last quarter.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.