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 significant decline in short interest in August. As of August 14th, there was short interest totaling 17,313 shares, a decline of 46.1% from the July 30th total of 32,135 shares. Based on an average daily trading volume, of 32,002 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

Shares of NASDAQ FDIG traded down $2.25 during trading on Friday, hitting $43.37. 16,216 shares of the company were exchanged, compared to its average volume of 45,675. Fidelity Crypto Industry and Digital Payments ETF has a 1 year low of $30.64 and a 1 year high of $60.29. The company has a market cap of $264.56 million, a price-to-earnings ratio of 19.69 and a beta of 3.00. The firm’s fifty day moving average price is $42.29 and its 200 day moving average price is $40.52.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of FDIG. Allworth Financial LP purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at $27,000. Birchwood Financial Partners Inc. acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $34,000. Advisory Services Network LLC purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the third quarter valued at about $129,000. Quadrature Capital Ltd acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at approximately $228,000. Finally, Bank of America Corp DE acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the 2nd quarter worth approximately $222,000.

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.