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

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 98 shares, a decline of 94.8% from the June 15th total of 1,899 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 33,157 shares, the short-interest ratio is currently 0.0 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

FDIG traded down $0.04 during midday trading on Friday, reaching $42.22. 12,521 shares of the company were exchanged, compared to its average volume of 50,548. The company has a market cap of $257.54 million, a price-to-earnings ratio of 19.69 and a beta of 2.99. Fidelity Crypto Industry and Digital Payments ETF has a one year low of $30.64 and a one year high of $60.29. The company’s fifty day moving average price is $44.27 and its 200 day moving average price is $40.31.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a dividend of $0.153 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. This represents a $0.61 annualized dividend and a dividend yield of 1.4%.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDIG. Jane Street Group LLC increased its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the 1st quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock valued at $3,360,000 after purchasing an additional 98,374 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth about $4,633,000. Bank of America Corp DE grew its position in Fidelity Crypto Industry and Digital Payments ETF by 968.5% during the third quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock valued at $3,273,000 after buying an additional 60,442 shares during the period. Mutual Advisors LLC grew its position in Fidelity Crypto Industry and Digital Payments ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 54,915 shares of the company’s stock valued at $2,116,000 after buying an additional 2,339 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in Fidelity Crypto Industry and Digital Payments ETF by 18.7% during the first quarter. Kestra Advisory Services LLC now owns 45,445 shares of the company’s stock worth $1,490,000 after buying an additional 7,149 shares during the last quarter.

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.