Short Interest in Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Declines By 94.8%

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 5,319 shares, a drop of 94.8% from the January 29th total of 101,509 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 4,413 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 4,413 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s stock are sold short.

Fidelity Disruptive Finance ETF Stock Performance

NASDAQ:FDFF traded down $0.36 during trading hours on Friday, hitting $32.77. 3,751 shares of the company’s stock traded hands, compared to its average volume of 3,596. The stock’s fifty day moving average price is $34.97 and its two-hundred day moving average price is $35.65. The firm has a market cap of $42.60 million, a P/E ratio of 24.27 and a beta of 1.32. Fidelity Disruptive Finance ETF has a twelve month low of $29.92 and a twelve month high of $39.15.

Fidelity Disruptive Finance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a $0.048 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Capital Management INC purchased a new stake in Fidelity Disruptive Finance ETF in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Finance ETF in the fourth quarter worth $39,000. Osaic Holdings Inc. raised its holdings in shares of Fidelity Disruptive Finance ETF by 443.5% during the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 887 shares in the last quarter. Virtu Financial LLC acquired a new stake in Fidelity Disruptive Finance ETF during the third quarter valued at $263,000. Finally, AE Wealth Management LLC purchased a new position in Fidelity Disruptive Finance ETF in the second quarter valued at about $381,000.

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.