Fidelity Disruptors ETF (NASDAQ:FDIF) Short Interest Update

Fidelity Disruptors ETF (NASDAQ:FDIF) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 370 shares, a drop of 94.1% from the April 30th total of 6,290 shares. Based on an average daily trading volume, of 4,709 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Disruptors ETF Stock Performance

Shares of NASDAQ:FDIF traded down $0.13 during midday trading on Thursday, reaching $38.43. 1,160 shares of the company’s stock traded hands, compared to its average volume of 6,633. The company has a fifty day simple moving average of $35.69 and a two-hundred day simple moving average of $35.54. The company has a market cap of $103.76 million, a P/E ratio of 27.66 and a beta of 1.25. Fidelity Disruptors ETF has a 1 year low of $31.31 and a 1 year high of $38.68.

Fidelity Disruptors ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a $0.016 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDIF. Godfrey Financial Associates Inc. purchased a new position in Fidelity Disruptors ETF in the 4th quarter valued at $36,000. Bank of Montreal Can lifted its holdings in Fidelity Disruptors ETF by 40.0% in the 4th quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock valued at $69,000 after purchasing an additional 550 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Fidelity Disruptors ETF in the 4th quarter valued at $75,000. Osaic Holdings Inc. lifted its holdings in Fidelity Disruptors ETF by 340.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after purchasing an additional 6,364 shares in the last quarter. Finally, MFA Wealth Services lifted its holdings in Fidelity Disruptors ETF by 2.7% in the 3rd quarter. MFA Wealth Services now owns 11,476 shares of the company’s stock valued at $408,000 after purchasing an additional 298 shares in the last quarter.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.