Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Large Drop in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 55,700 shares, a drop of 5.3% from the October 15th total of 58,800 shares. Based on an average trading volume of 46,800 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 1st quarter valued at approximately $9,474,000. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 41.7% in the second quarter. Commonwealth Equity Services LLC now owns 11,306 shares of the company’s stock worth $334,000 after buying an additional 3,325 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 160.2% during the third quarter. Sunbelt Securities Inc. now owns 8,400 shares of the company’s stock worth $229,000 after acquiring an additional 5,172 shares during the last quarter.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 0.9 %

Shares of Fidelity Crypto Industry and Digital Payments ETF stock opened at $36.49 on Tuesday. The company has a market capitalization of $131.36 million, a price-to-earnings ratio of 10.94 and a beta of 3.84. The stock’s 50-day simple moving average is $29.39 and its 200-day simple moving average is $28.55. Fidelity Crypto Industry and Digital Payments ETF has a 52 week low of $17.33 and a 52 week high of $41.68.

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.