Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Down 7.3% – What’s Next?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price fell 7.3% on Friday . The company traded as low as $19.58 and last traded at $19.58. 20,432 shares were traded during trading, an increase of 95% from the average session volume of 10,475 shares. The stock had previously closed at $21.12.

Fidelity Electric Vehicles and Future Transportation ETF Stock Performance

The firm has a fifty day moving average of $18.82 and a 200-day moving average of $17.51. The stock has a market capitalization of $37.20 million, a price-to-earnings ratio of 21.91 and a beta of 1.36.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDRV. OLD Mission Capital LLC acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter valued at approximately $539,000. EFG International AG bought a new position in Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter worth $33,000. Finally, Jane Street Group LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the second quarter valued at $203,000.

About Fidelity Electric Vehicles and Future Transportation ETF

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.