Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Up 1,243.3% in June

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 900 shares, an increase of 1,243.3% from the June 15th total of 67 shares. Based on an average daily trading volume, of 3,157 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Fidelity Disruptive Finance ETF Price Performance

NASDAQ:FDFF traded up $0.14 during trading hours on Friday, reaching $34.56. 1,830 shares of the company were exchanged, compared to its average volume of 3,494. The business has a 50 day moving average of $33.25 and a 200 day moving average of $33.54. Fidelity Disruptive Finance ETF has a 1-year low of $30.16 and a 1-year high of $39.15. The company has a market capitalization of $41.47 million, a P/E ratio of 24.27 and a beta of 1.14.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were issued a dividend of $0.188 per share. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.75 annualized dividend and a dividend yield of 2.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in Fidelity Disruptive Finance ETF by 532.8% during the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after buying an additional 75,824 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fidelity Disruptive Finance ETF in the 3rd quarter valued at approximately $263,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Finance ETF during the 4th quarter worth approximately $39,000. Osaic Holdings Inc. lifted its holdings in shares of Fidelity Disruptive Finance ETF by 443.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 887 shares during the period. Finally, Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Finance ETF during the 4th quarter worth approximately $25,000.

Fidelity Disruptive Finance ETF Company Profile

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.