Short Interest in Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Rises By 5.3%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 67,300 shares, a growth of 5.3% from the September 15th total of 63,900 shares. Based on an average daily trading volume, of 43,300 shares, the days-to-cover ratio is currently 1.6 days.

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

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 1st quarter valued at approximately $9,474,000. Sunbelt Securities Inc. bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the first quarter valued at approximately $305,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Fidelity Crypto Industry and Digital Payments ETF by 41.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,306 shares of the company’s stock valued at $334,000 after purchasing an additional 3,325 shares during the period.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 1.3 %

Shares of Fidelity Crypto Industry and Digital Payments ETF stock traded down $0.39 during trading hours on Thursday, reaching $29.51. The stock had a trading volume of 35,986 shares, compared to its average volume of 68,119. Fidelity Crypto Industry and Digital Payments ETF has a 1 year low of $15.10 and a 1 year high of $35.99. The firm has a 50 day simple moving average of $26.67 and a two-hundred day simple moving average of $27.46. The firm has a market capitalization of $106.24 million, a price-to-earnings ratio of 10.94 and a beta of 3.84.

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.