Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Trading Up 4.4% – Here’s What Happened

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price rose 4.4% during mid-day trading on Tuesday . The company traded as high as $16.45 and last traded at $16.45. Approximately 1,750 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 11,555 shares. The stock had previously closed at $15.75.

Fidelity Electric Vehicles and Future Transportation ETF Stock Performance

The company’s 50-day moving average is $16.89 and its 200-day moving average is $16.97. The firm has a market cap of $31.26 million, a price-to-earnings ratio of 21.91 and a beta of 1.36.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A number of large investors have recently modified their holdings of the stock. EFG International AG bought a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF during the fourth quarter valued at approximately $33,000. Jane Street Group LLC acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF in the second quarter valued at approximately $203,000. OLD Mission Capital LLC bought a new position in Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth approximately $539,000. Finally, Flow Traders U.S. LLC raised its position in Fidelity Electric Vehicles and Future Transportation ETF by 58.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 43,501 shares of the company’s stock worth $644,000 after purchasing an additional 16,076 shares during 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.