Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Up 54,816.3% in July

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 53,818 shares, a growth of 54,816.3% from the June 30th total of 98 shares. Based on an average daily volume of 34,214 shares, the short-interest ratio is presently 1.6 days. Currently, 0.9% of the shares of the stock are sold short.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 3.6%

Shares of Fidelity Crypto Industry and Digital Payments ETF stock opened at $40.69 on Friday. The stock has a market capitalization of $248.21 million, a P/E ratio of 19.69 and a beta of 2.99. The company has a 50-day simple moving average of $43.72 and a 200 day simple moving average of $40.42. Fidelity Crypto Industry and Digital Payments ETF has a 12-month low of $30.64 and a 12-month high of $60.29.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.5%. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 18th.

Institutional Trading of Fidelity Crypto Industry and Digital Payments ETF

Several hedge funds have recently modified their holdings of FDIG. Traynor Capital Management Inc. increased its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 3.8% in the fourth quarter. Traynor Capital Management Inc. now owns 12,387 shares of the company’s stock valued at $477,000 after buying an additional 457 shares in the last quarter. Allworth Financial LP bought a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter worth about $27,000. Birchwood Financial Partners Inc. acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $34,000. Prairie Wealth Advisors Inc. increased its position in Fidelity Crypto Industry and Digital Payments ETF by 18.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock valued at $632,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 54,915 shares of the company’s stock valued at $2,116,000 after purchasing an additional 2,339 shares during the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.