Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Update

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 271 shares, a decrease of 69.9% from the June 30th total of 900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,737 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

Hedge funds have recently added to or reduced their stakes in the company. Key Capital Management INC purchased a new stake in Fidelity Disruptive Finance ETF in the fourth quarter worth $25,000. Osaic Holdings Inc. grew its stake in Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 887 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $39,000. Virtu Financial LLC lifted its holdings in shares of Fidelity Disruptive Finance ETF by 77.5% during the 4th quarter. Virtu Financial LLC now owns 12,888 shares of the company’s stock valued at $459,000 after purchasing an additional 5,627 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Fidelity Disruptive Finance ETF by 532.8% during the 4th quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the last quarter.

Fidelity Disruptive Finance ETF Price Performance

Shares of NASDAQ FDFF traded up $0.54 during mid-day trading on Tuesday, hitting $35.76. 1,744 shares of the company’s stock traded hands, compared to its average volume of 3,633. The company has a market capitalization of $42.91 million, a P/E ratio of 24.27 and a beta of 1.14. Fidelity Disruptive Finance ETF has a 1 year low of $30.16 and a 1 year high of $38.90. The company’s 50-day moving average is $33.54 and its two-hundred day moving average is $33.41.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 18th.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.