Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Expands By 31.5%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 21,300 shares, an increase of 31.5% from the February 28th total of 16,200 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 85,700 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 2.6 %

Shares of FDIG stock traded down $0.64 during mid-day trading on Monday, reaching $24.15. The stock had a trading volume of 77,732 shares, compared to its average volume of 67,728. The company has a market cap of $130.38 million, a P/E ratio of 16.25 and a beta of 3.84. Fidelity Crypto Industry and Digital Payments ETF has a 12-month low of $22.50 and a 12-month high of $43.70. The business has a 50-day simple moving average of $30.84 and a 200 day simple moving average of $32.30.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several hedge funds have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc grew its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 36.3% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,956 shares of the company’s stock valued at $64,000 after purchasing an additional 521 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter valued at $204,000. Sunbelt Securities Inc. grew its holdings in Fidelity Crypto Industry and Digital Payments ETF by 160.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,400 shares of the company’s stock valued at $229,000 after buying an additional 5,172 shares during the last quarter. Prairie Wealth Advisors Inc. purchased a new position in Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth $310,000. Finally, OLD Mission Capital LLC acquired a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter worth $921,000.

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.