Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Stock Short Interest Rises 1,586.3%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 148,902 shares, a growth of 1,586.3% from the September 15th total of 8,830 shares. Based on an average trading volume of 24,276 shares, the days-to-cover ratio is presently 6.1 days. Currently, 2.5% of the company’s shares are sold short.

Fidelity Crypto Industry and Digital Payments ETF Stock Up 1.4%

Shares of NASDAQ:FDIG traded up $0.54 during midday trading on Friday, hitting $40.19. 16,845 shares of the stock traded hands, compared to its average volume of 42,312. The stock has a market capitalization of $237.12 million, a PE ratio of 19.69 and a beta of 3.00. The business’s 50 day moving average is $43.22 and its two-hundred day moving average is $42.13. Fidelity Crypto Industry and Digital Payments ETF has a one year low of $30.64 and a one year high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a dividend of $0.0230 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 18th. This is a negative change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDIG. NewEdge Advisors LLC grew its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after buying an additional 1,076 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Fidelity Crypto Industry and Digital Payments ETF by 3.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock valued at $494,000 after acquiring an additional 380 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Fidelity Crypto Industry and Digital Payments ETF by 104.1% in the second quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock valued at $2,538,000 after acquiring an additional 30,294 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the 1st quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock valued at $1,490,000 after purchasing an additional 7,149 shares during the period.

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.