Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Decline in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,490 shares, a decline of 24.5% from the February 26th total of 1,974 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,122 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Fidelity Disruptive Finance ETF

A number of institutional investors have recently bought and sold shares of the business. Key Capital Management INC bought a new stake in Fidelity Disruptive Finance ETF in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. boosted its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 887 shares during the period. Virtu Financial LLC bought a new stake in shares of Fidelity Disruptive Finance ETF in the third quarter valued at approximately $263,000. Finally, AE Wealth Management LLC grew its position in Fidelity Disruptive Finance ETF by 103.0% during the third quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock worth $732,000 after buying an additional 10,260 shares in the last quarter.

Fidelity Disruptive Finance ETF Trading Up 0.9%

FDFF stock traded up $0.28 during trading hours on Monday, hitting $30.47. 2,836 shares of the stock were exchanged, compared to its average volume of 3,577. Fidelity Disruptive Finance ETF has a 12 month low of $29.92 and a 12 month high of $39.15. The firm has a market capitalization of $39.61 million, a P/E ratio of 24.27 and a beta of 1.32. The company has a 50-day simple moving average of $33.05 and a two-hundred day simple moving average of $34.77.

Fidelity Disruptive Finance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. This is a boost from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 20th.

About Fidelity Disruptive Finance ETF

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.