Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Shares Shorted: Short Interest Down 67.1% in October

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 49,003 shares, a decrease of 67.1% from the September 30th total of 148,902 shares. Based on an average trading volume of 27,867 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

FDIG traded down $1.93 during midday trading on Friday, hitting $33.29. The company had a trading volume of 35,015 shares, compared to its average volume of 41,306. The company has a market capitalization of $196.41 million, a PE ratio of 19.69 and a beta of 3.00. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $30.64 and a twelve month high of $55.23. The firm’s 50-day simple moving average is $41.52 and its 200-day simple moving average is $40.70.

Fidelity Crypto Industry and Digital Payments 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 $0.0230 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.1530.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several large investors have recently made changes to their positions in FDIG. Sterling Investment Advisors Ltd. increased its position in Fidelity Crypto Industry and Digital Payments ETF by 3.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 11,565 shares of the company’s stock worth $494,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC raised its holdings in Fidelity Crypto Industry and Digital Payments ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 12,598 shares of the company’s stock worth $538,000 after purchasing an additional 1,076 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the 1st quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after purchasing an additional 7,149 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter valued at about $869,000. Finally, Citadel Advisors LLC lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 104.1% during the 2nd quarter. Citadel Advisors LLC now owns 59,400 shares of the company’s stock valued at $2,538,000 after purchasing an additional 30,294 shares during the period.

About Fidelity Crypto Industry and Digital Payments ETF

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.