Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Short Interest Down 45.5% in July

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 12,252 shares, a decline of 45.5% from the June 30th total of 22,474 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 11,594 shares, the short-interest ratio is currently 1.1 days.

Fidelity Electric Vehicles and Future Transportation ETF Stock Down 0.1%

Shares of BATS:FDRV opened at $17.70 on Wednesday. Fidelity Electric Vehicles and Future Transportation ETF has a 52-week low of $14.78 and a 52-week high of $21.63. The stock has a market cap of $33.63 million, a P/E ratio of 21.91 and a beta of 1.36. The business’s 50 day moving average is $19.27 and its 200 day moving average is $18.13.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter worth about $539,000. Jane Street Group LLC purchased a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter valued at about $203,000. Finally, EFG International AG bought a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter valued at about $33,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

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.