Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Short Interest Down 54.1% in June

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 67 shares, a decline of 54.1% from the May 31st total of 146 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Disruptive Finance ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Key Capital Management INC acquired a new stake in Fidelity Disruptive Finance ETF during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Disruptive Finance ETF in the 4th quarter valued at $39,000. Osaic Holdings Inc. increased 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 worth $42,000 after acquiring an additional 887 shares during the period. Virtu Financial LLC acquired a new stake in shares of Fidelity Disruptive Finance ETF in the third quarter worth $263,000. Finally, Jane Street Group LLC raised its holdings in shares of Fidelity Disruptive Finance ETF by 532.8% during the fourth quarter. Jane Street Group LLC now owns 90,056 shares of the company’s stock worth $3,208,000 after purchasing an additional 75,824 shares during the last quarter.

Fidelity Disruptive Finance ETF Stock Performance

Shares of FDFF stock opened at $32.89 on Monday. Fidelity Disruptive Finance ETF has a fifty-two week low of $30.16 and a fifty-two week high of $39.15. The firm has a market capitalization of $39.47 million, a PE ratio of 24.27 and a beta of 1.14. The stock’s 50-day simple moving average is $33.23 and its 200-day simple moving average is $33.63.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.188 dividend. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05. This represents a $0.75 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, June 18th.

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.