Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Shares Up 29.1% – Should You Buy?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) shares traded up 29.1% on Wednesday . The stock traded as high as $13.7199 and last traded at $17.2850. 13,049 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 9,416 shares. The stock had previously closed at $13.3850.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

The firm has a market capitalization of $32.84 million, a PE ratio of 21.91 and a beta of 1.36. The company’s fifty day simple moving average is $16.67 and its 200 day simple moving average is $16.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Electric Vehicles and Future Transportation ETF stock. Flow Traders U.S. LLC boosted its holdings in Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) by 58.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,501 shares of the company’s stock after buying an additional 16,076 shares during the period. Flow Traders U.S. LLC owned approximately 2.29% of Fidelity Electric Vehicles and Future Transportation ETF worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

About Fidelity Electric Vehicles and Future Transportation ETF

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.