Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Up 191.7% in June

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 16,243 shares, an increase of 191.7% from the May 31st total of 5,568 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 16,252 shares, the short-interest ratio is currently 1.0 days.

Fidelity Electric Vehicles and Future Transportation ETF Trading Down 1.8%

BATS:FDRV opened at $18.52 on Friday. The company has a market capitalization of $35.19 million, a P/E ratio of 21.91 and a beta of 1.36. Fidelity Electric Vehicles and Future Transportation ETF has a 12 month low of $14.62 and a 12 month high of $21.63. The firm has a fifty day simple moving average of $19.60 and a 200-day simple moving average of $17.85.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter valued at about $539,000. Jane Street Group LLC purchased a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF in the second quarter worth about $203,000. Finally, EFG International AG acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter worth about $33,000.

About Fidelity Electric Vehicles and Future Transportation ETF

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.