Short Interest in Fidelity Disruptors ETF (NASDAQ:FDIF) Expands By 12,581.3%

Fidelity Disruptors ETF (NASDAQ:FDIF) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,029 shares, a growth of 12,581.3% from the March 31st total of 16 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,126 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FDIF. Jane Street Group LLC purchased a new position in shares of Fidelity Disruptors ETF in the 2nd quarter valued at $2,207,000. Sfmg LLC increased its holdings in shares of Fidelity Disruptors ETF by 3.8% in the 4th quarter. Sfmg LLC now owns 219,730 shares of the company’s stock valued at $7,868,000 after acquiring an additional 8,077 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Fidelity Disruptors ETF by 340.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after acquiring an additional 6,364 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Disruptors ETF in the 4th quarter valued at $75,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Fidelity Disruptors ETF in the 4th quarter valued at $36,000.

Fidelity Disruptors ETF Stock Up 1.3%

FDIF opened at $36.82 on Friday. The stock’s fifty day moving average is $34.40 and its two-hundred day moving average is $35.29. The company has a market capitalization of $99.41 million, a P/E ratio of 27.66 and a beta of 1.25. Fidelity Disruptors ETF has a 52 week low of $29.40 and a 52 week high of $37.23.

Fidelity Disruptors ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, March 20th.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.