Fidelity Disruptors ETF (NASDAQ:FDIF) Sees Large Drop in Short Interest

Fidelity Disruptors ETF (NASDAQ:FDIF) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 439 shares, a drop of 60.4% from the September 15th total of 1,108 shares. Based on an average trading volume of 2,798 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Disruptors ETF

An institutional investor recently raised its stake in Fidelity Disruptors ETF stock. Citadel Advisors LLC grew its holdings in shares of Fidelity Disruptors ETF (NASDAQ:FDIF) by 17.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,568 shares of the company’s stock after acquiring an additional 1,591 shares during the period. Citadel Advisors LLC owned about 0.41% of Fidelity Disruptors ETF worth $428,000 as of its most recent SEC filing.

Fidelity Disruptors ETF Trading Down 1.4%

Shares of NASDAQ FDIF opened at $40.38 on Thursday. The stock has a fifty day moving average price of $41.54 and a 200 day moving average price of $39.15. Fidelity Disruptors ETF has a 12-month low of $31.31 and a 12-month high of $42.84. The company has a market cap of $104.99 million, a P/E ratio of 27.66 and a beta of 1.24.

Fidelity Disruptors ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.2%. This is a negative change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340. The ex-dividend date of this dividend was Friday, September 18th.

Fidelity Disruptors ETF Company Profile

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.