Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 5,568 shares, an increase of 268.3% from the May 14th total of 1,512 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.6 days.
Fidelity Electric Vehicles and Future Transportation ETF Stock Down 3.2%
Shares of FDRV opened at $18.77 on Thursday. The business has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $17.59. The stock has a market cap of $35.66 million, a price-to-earnings ratio of 21.91 and a beta of 1.36. Fidelity Electric Vehicles and Future Transportation ETF has a 52 week low of $14.01 and a 52 week high of $21.63.
Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. EFG International AG purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth about $33,000. Jane Street Group LLC purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the second quarter worth about $203,000. Finally, OLD Mission Capital LLC purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth about $539,000.
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.
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