Fidelity Disruptors ETF (NASDAQ:FDIF) Sees Large Increase in Short Interest

Fidelity Disruptors ETF (NASDAQ:FDIF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, an increase of 550.0% from the December 15th total of 600 shares. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 0.5 days.

Fidelity Disruptors ETF Stock Performance

Shares of FDIF traded up $0.51 during mid-day trading on Wednesday, reaching $31.94. The company had a trading volume of 3,676 shares, compared to its average volume of 10,975. Fidelity Disruptors ETF has a 52 week low of $24.60 and a 52 week high of $33.39. The firm has a 50-day moving average price of $32.16 and a 200 day moving average price of $30.41.

Fidelity Disruptors ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were paid a dividend of $0.043 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a yield of 0.54%.

Institutional Investors Weigh In On Fidelity Disruptors ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Disruptors ETF by 10.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,936 shares of the company’s stock valued at $316,000 after purchasing an additional 1,014 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Fidelity Disruptors ETF by 20.6% during the third quarter. Kovack Advisors Inc. now owns 12,300 shares of the company’s stock worth $373,000 after acquiring an additional 2,100 shares during the period. Finally, Sfmg LLC boosted its stake in shares of Fidelity Disruptors ETF by 1.2% during the second quarter. Sfmg LLC now owns 174,867 shares of the company’s stock valued at $5,045,000 after purchasing an additional 1,997 shares in the last quarter.

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.