Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Down 0.8% – Here’s What Happened

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s stock price traded down 0.8% during mid-day trading on Monday . The stock traded as low as $17.94 and last traded at $17.94. Approximately 4,586 shares were traded during trading, a decline of 57% from the average daily volume of 10,550 shares. The stock had previously closed at $18.09.

Fidelity Electric Vehicles and Future Transportation ETF Stock Performance

The stock has a market capitalization of $34.50 million, a P/E ratio of 21.91 and a beta of 1.36. The stock has a 50-day simple moving average of $19.47 and a 200 day simple moving average of $18.10.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

Several large investors have recently made changes to their positions in the company. EFG International AG acquired a new stake in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth about $33,000. Jane Street Group LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter worth about $203,000. Finally, OLD Mission Capital LLC acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter valued at about $539,000.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

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.