Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Down 0.8% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) traded down 0.8% during mid-day trading on Monday . The company traded as low as $17.94 and last traded at $17.94. 4,586 shares changed hands during trading, a decline of 57% from the average daily volume of 10,550 shares. The stock had previously closed at $18.09.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

The business’s 50 day moving average price is $19.49 and its 200 day moving average price is $18.08. The stock has a market capitalization of $34.09 million, a P/E ratio of 21.91 and a beta of 1.36.

Institutional Investors Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A number of large investors have recently added to or reduced their stakes in FDRV. Jane Street Group LLC purchased a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter valued at $203,000. EFG International AG purchased a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth $33,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth $539,000.

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.