Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Drops By 45.7%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 44,006 shares, a drop of 45.7% from the December 15th total of 80,995 shares. Based on an average daily trading volume, of 70,897 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 70,897 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FDIG. Howe & Rusling Inc. bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth about $36,000. Ameritas Advisory Services LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter worth approximately $101,000. Advisory Services Network LLC acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter valued at $129,000. AE Wealth Management LLC grew its position in Fidelity Crypto Industry and Digital Payments ETF by 58.5% in the third quarter. AE Wealth Management LLC now owns 3,602 shares of the company’s stock valued at $177,000 after acquiring an additional 1,330 shares during the period. Finally, Cibc World Market Inc. bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth about $221,000.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

Shares of NASDAQ:FDIG traded down $0.15 during trading on Thursday, hitting $44.26. 29,774 shares of the stock were exchanged, compared to its average volume of 59,777. The company has a market capitalization of $300.93 million, a price-to-earnings ratio of 19.69 and a beta of 3.05. Fidelity Crypto Industry and Digital Payments ETF has a 1-year low of $20.52 and a 1-year high of $60.29. The company’s fifty day simple moving average is $42.33 and its 200-day simple moving average is $43.55.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.42 per share. This is an increase from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, December 19th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%.

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.