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

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,807 shares, a growth of 168.5% from the April 30th total of 2,163 shares. Based on an average trading volume of 55,306 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 0.2%

FDIG stock traded down $0.09 during trading on Friday, hitting $47.63. The company had a trading volume of 56,700 shares, compared to its average volume of 52,378. The stock has a market cap of $309.60 million, a PE ratio of 19.69 and a beta of 2.96. Fidelity Crypto Industry and Digital Payments ETF has a one year low of $29.10 and a one year high of $60.29. The business has a 50-day moving average of $39.90 and a 200-day moving average of $39.99.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a dividend of $0.032 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, March 20th.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Investment Advisors Ltd. lifted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 55.7% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 11,185 shares of the company’s stock worth $367,000 after purchasing an additional 4,000 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.7% in the 1st quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after purchasing an additional 7,149 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $34,000. NewEdge Advisors LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $448,000. Finally, Quadrature Capital Ltd bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth $228,000.

About Fidelity Crypto Industry and Digital Payments ETF

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.