Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Drops By 12.6%

Posted by Paula Ricardo on Oct 29th, 2024

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 58,800 shares, a decrease of 12.6% from the September 30th total of 67,300 shares. Based on an average daily trading volume, of 40,400 shares, the short-interest ratio is currently 1.5 days.

Fidelity Crypto Industry and Digital Payments ETF Trading Up 1.1 %

FDIG stock traded up $0.34 during midday trading on Tuesday, reaching $32.44. 47,900 shares of the company’s stock traded hands, compared to its average volume of 67,003. Fidelity Crypto Industry and Digital Payments ETF has a 52-week low of $15.10 and a 52-week high of $35.99. The stock has a market cap of $116.78 million, a P/E ratio of 10.94 and a beta of 3.84. The stock’s 50-day moving average is $27.33 and its 200 day moving average is $27.66.

Institutional Trading of Fidelity Crypto Industry and Digital Payments ETF

An institutional investor recently raised its position in Fidelity Crypto Industry and Digital Payments ETF stock. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG – Free Report) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,306 shares of the company’s stock after acquiring an additional 3,325 shares during the quarter. Commonwealth Equity Services LLC owned about 0.32% of Fidelity Crypto Industry and Digital Payments ETF worth $334,000 at the end of the most recent quarter.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

(Get Free Report)

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.