Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Rises By 54,816.3%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 53,818 shares, a growth of 54,816.3% from the June 30th total of 98 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 34,214 shares, the days-to-cover ratio is presently 1.6 days.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 3.6%

NASDAQ FDIG opened at $40.69 on Friday. The business’s 50-day moving average price is $43.72 and its 200 day moving average price is $40.42. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $30.64 and a twelve month high of $60.29. The company has a market capitalization of $248.21 million, a PE ratio of 19.69 and a beta of 2.99.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.153 dividend. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. This represents a $0.61 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 18th.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 3.8% during the fourth quarter. Traynor Capital Management Inc. now owns 12,387 shares of the company’s stock worth $477,000 after purchasing an additional 457 shares during the period. Allworth Financial LP purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter valued at $27,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter worth $34,000. Prairie Wealth Advisors Inc. increased its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.0% during the 3rd quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock worth $632,000 after buying an additional 1,960 shares during the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 4.4% during the 4th quarter. Mutual Advisors LLC now owns 54,915 shares of the company’s stock worth $2,116,000 after buying an additional 2,339 shares during the last quarter.

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.