Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Rises By 29.4%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 80,995 shares, a growth of 29.4% from the November 30th total of 62,582 shares. Based on an average daily volume of 62,551 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 62,551 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of large investors have recently made changes to their positions in FDIG. Jane Street Group LLC grew its position in Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the first quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock worth $3,360,000 after buying an additional 98,374 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the 3rd quarter valued at approximately $4,633,000. Bank of America Corp DE boosted its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 968.5% during the 3rd quarter. Bank of America Corp DE now owns 66,683 shares of the company’s stock worth $3,273,000 after acquiring an additional 60,442 shares in the last quarter. Mutual Advisors LLC acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 3rd quarter worth approximately $2,770,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 2nd quarter worth approximately $438,000.

Fidelity Crypto Industry and Digital Payments ETF Price Performance

FDIG opened at $38.96 on Wednesday. Fidelity Crypto Industry and Digital Payments ETF has a 12 month low of $20.52 and a 12 month high of $60.29. The stock has a market capitalization of $253.24 million, a P/E ratio of 19.69 and a beta of 3.05. The business has a 50 day simple moving average of $44.80 and a 200-day simple moving average of $42.91.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.3%. This is an increase from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 19th.

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.