Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Declines By 39.3%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 16,200 shares, a decline of 39.3% from the February 13th total of 26,700 shares. Based on an average trading volume of 97,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Fidelity Crypto Industry and Digital Payments ETF Stock Performance

NASDAQ FDIG traded up $0.95 during trading hours on Friday, hitting $26.40. 62,646 shares of the company traded hands, compared to its average volume of 83,546. The business’s 50-day moving average is $32.36 and its 200-day moving average is $32.13. The stock has a market capitalization of $142.56 million, a price-to-earnings ratio of 22.01 and a beta of 3.84. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $22.50 and a twelve month high of $43.70.

Fidelity Crypto Industry and Digital Payments ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 30th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FDIG. Sanctuary Advisors LLC acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $204,000. Atria Wealth Solutions Inc. boosted its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 1,914.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 246,111 shares of the company’s stock worth $7,998,000 after acquiring an additional 233,896 shares during the period. Prairie Wealth Advisors Inc. acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter worth approximately $310,000. Sunbelt Securities Inc. raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 160.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,400 shares of the company’s stock valued at $229,000 after acquiring an additional 5,172 shares during the period. Finally, GTS Securities LLC acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter valued at $1,056,000.

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.