Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Up 25% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s stock price traded up 25% during trading on Friday . The stock traded as high as $13.7199 and last traded at $16.7250. 13,049 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 9,416 shares. The stock had previously closed at $13.3850.

Fidelity Electric Vehicles and Future Transportation ETF Stock Performance

The company has a 50-day moving average price of $16.80 and a 200-day moving average price of $16.28. The firm has a market capitalization of $31.78 million, a price-to-earnings ratio of 21.91 and a beta of 1.36.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A hedge fund recently raised its stake in Fidelity Electric Vehicles and Future Transportation ETF stock. Flow Traders U.S. LLC grew its stake in shares of Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) by 58.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,501 shares of the company’s stock after purchasing an additional 16,076 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.29% of Fidelity Electric Vehicles and Future Transportation ETF worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

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.