Fidelity Digital Health ETF (BATS:FDHT) Trading 11.9% Higher – Time to Buy?

Shares of Fidelity Digital Health ETF (BATS:FDHT) shot up 11.9% on Monday . The company traded as high as $20.05 and last traded at $22.01. 438 shares traded hands during trading, The stock had previously closed at $19.67.

Fidelity Digital Health ETF Stock Performance

The stock has a market capitalization of $11.05 million, a price-to-earnings ratio of 35.01 and a beta of 1.21. The business has a 50-day moving average of $20.57 and a 200-day moving average of $20.20.

Hedge Funds Weigh In On Fidelity Digital Health ETF

An institutional investor recently bought a new position in Fidelity Digital Health ETF stock. Citadel Advisors LLC bought a new position in shares of Fidelity Digital Health ETF (BATS:FDHT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,832 shares of the company’s stock, valued at approximately $290,000. Citadel Advisors LLC owned 2.97% of Fidelity Digital Health ETF at the end of the most recent quarter.

About Fidelity Digital Health ETF

The Fidelity Digital Health ETF (FDHT) is an exchange-traded fund that is based on the Fidelity Digital Health index, a market-cap-weighted index of globally-listed companies involved in digital health technologies. FDHT was launched on Oct 5, 2021 and is managed by Fidelity.