Fidelity Disruptors ETF (NASDAQ:FDIF) Short Interest Up 188.9% in July

Fidelity Disruptors ETF (NASDAQ:FDIF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,236 shares, an increase of 188.9% from the June 30th total of 1,120 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,734 shares, the short-interest ratio is currently 0.1 days.

Fidelity Disruptors ETF Stock Performance

FDIF traded up $0.03 on Monday, hitting $38.23. 2,214 shares of the company were exchanged, compared to its average volume of 7,705. Fidelity Disruptors ETF has a fifty-two week low of $31.31 and a fifty-two week high of $40.82. The firm has a market capitalization of $99.40 million, a P/E ratio of 27.66 and a beta of 1.22. The business’s fifty day moving average is $39.07 and its 200 day moving average is $36.65.

Fidelity Disruptors ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a $0.034 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Fidelity Disruptors ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On Fidelity Disruptors ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in Fidelity Disruptors ETF during the fourth quarter worth $36,000. Bank of Montreal Can raised its stake in shares of Fidelity Disruptors ETF by 40.0% during the 4th quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock worth $69,000 after buying an additional 550 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Disruptors ETF during the 4th quarter worth $75,000. Osaic Holdings Inc. boosted its position in shares of Fidelity Disruptors ETF by 340.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock worth $278,000 after buying an additional 6,364 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Disruptors ETF by 5.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock worth $428,000 after buying an additional 579 shares in the last quarter.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.