Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Down 40.3% in July

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 32,135 shares, a decrease of 40.3% from the July 15th total of 53,818 shares. Based on an average daily trading volume, of 26,011 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDIG. Jane Street Group LLC grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock worth $3,360,000 after acquiring an additional 98,374 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in Fidelity Crypto Industry and Digital Payments ETF in the third quarter valued at approximately $4,633,000. Bank of America Corp DE boosted its position in Fidelity Crypto Industry and Digital Payments ETF by 968.5% in the 3rd quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock worth $3,273,000 after purchasing an additional 60,442 shares in the last quarter. Mariner LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth approximately $1,265,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 84.4% during the 4th quarter. Kestra Advisory Services LLC now owns 38,296 shares of the company’s stock worth $1,475,000 after purchasing an additional 17,528 shares during the period.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

FDIG traded up $1.62 during trading on Wednesday, reaching $42.10. 11,242 shares of the company’s stock were exchanged, compared to its average volume of 46,456. Fidelity Crypto Industry and Digital Payments ETF has a 1 year low of $30.64 and a 1 year high of $60.29. The company’s fifty day simple moving average is $42.42 and its 200-day simple moving average is $40.18. The stock has a market capitalization of $256.81 million, a P/E ratio of 19.69 and a beta of 3.00.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

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

Fidelity Crypto Industry and Digital Payments ETF Company Profile

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.