Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Significant Decrease in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 23,054 shares, a drop of 42.7% from the January 29th total of 40,201 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 86,299 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 86,299 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of Fidelity Crypto Industry and Digital Payments ETF stock traded down $1.33 on Friday, reaching $35.73. The company had a trading volume of 35,761 shares, compared to its average volume of 63,596. The firm’s 50 day moving average price is $39.61 and its two-hundred day moving average price is $43.69. The firm has a market cap of $242.96 million, a PE ratio of 19.69 and a beta of 3.05. Fidelity Crypto Industry and Digital Payments ETF has a 52-week low of $20.52 and a 52-week high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02. This represents a $1.68 dividend on an annualized basis and a yield of 4.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FDIG. B. Riley Wealth Advisors Inc. raised its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 2.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,598 shares of the company’s stock valued at $618,000 after buying an additional 303 shares during the period. Traynor Capital Management Inc. grew its position in Fidelity Crypto Industry and Digital Payments ETF by 3.8% in the 4th quarter. Traynor Capital Management Inc. now owns 12,387 shares of the company’s stock valued at $477,000 after acquiring an additional 457 shares in the last quarter. Allworth Financial LP purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $27,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $34,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth about $36,000.

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.