Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Update

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 19,216 shares, a decline of 19.5% from the February 26th total of 23,872 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 31,393 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 2.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,598 shares of the company’s stock valued at $618,000 after acquiring an additional 303 shares in the last quarter. Traynor Capital Management Inc. raised its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 3.8% in the fourth quarter. Traynor Capital Management Inc. now owns 12,387 shares of the company’s stock worth $477,000 after purchasing an additional 457 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter worth $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter valued at $34,000. Finally, AE Wealth Management LLC boosted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 58.5% during the third quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock valued at $177,000 after buying an additional 1,330 shares during the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of Fidelity Crypto Industry and Digital Payments ETF stock opened at $31.91 on Monday. Fidelity Crypto Industry and Digital Payments ETF has a 1 year low of $20.52 and a 1 year high of $60.29. The firm’s 50-day moving average is $37.18 and its 200 day moving average is $43.20. The stock has a market cap of $216.99 million, a price-to-earnings ratio of 19.69 and a beta of 3.05.

Fidelity Crypto Industry and Digital Payments ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a $0.032 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 20th.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

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.