Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Update

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 5,568 shares, an increase of 268.3% from the May 14th total of 1,512 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

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

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 1.4%

FDRV stock traded up $0.27 during trading on Friday, reaching $19.79. 8,934 shares of the stock were exchanged, compared to its average volume of 10,582. Fidelity Electric Vehicles and Future Transportation ETF has a twelve month low of $14.01 and a twelve month high of $21.63. The company has a market capitalization of $37.60 million, a P/E ratio of 21.91 and a beta of 1.36. The stock has a 50 day simple moving average of $19.08 and a 200-day simple moving average of $17.62.

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.