Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Up 2.4% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price traded up 2.4% during trading on Monday . The stock traded as high as $16.34 and last traded at $16.31. 6,173 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 13,162 shares. The stock had previously closed at $15.93.

Fidelity Electric Vehicles and Future Transportation ETF Trading Up 2.4%

The company’s 50-day moving average price is $17.11 and its two-hundred day moving average price is $16.96. The company has a market cap of $30.99 million, a P/E ratio of 21.91 and a beta of 1.36.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EFG International AG acquired a new position in Fidelity Electric Vehicles and Future Transportation ETF in the fourth quarter worth approximately $33,000. Jane Street Group LLC bought a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF in the second quarter valued at $203,000. OLD Mission Capital LLC acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the 4th quarter valued at $539,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of Fidelity Electric Vehicles and Future Transportation ETF by 58.6% during the 2nd quarter. Flow Traders U.S. LLC now owns 43,501 shares of the company’s stock worth $644,000 after acquiring an additional 16,076 shares in the last quarter.

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.