Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Short Interest Up 19.1% in August

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 56,000 shares, a growth of 19.1% from the July 31st total of 47,000 shares. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is currently 1.1 days.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 0.9 %

Shares of NASDAQ FDIG traded down $0.24 during mid-day trading on Monday, reaching $26.62. 16,800 shares of the company were exchanged, compared to its average volume of 74,507. Fidelity Crypto Industry and Digital Payments ETF has a 52 week low of $14.95 and a 52 week high of $35.99. The company’s 50 day moving average price is $29.23 and its 200 day moving average price is $27.88. The stock has a market capitalization of $95.83 million, a PE ratio of 10.94 and a beta of 3.84.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FDIG. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the first quarter worth about $305,000. Atria Wealth Solutions Inc. purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter worth approximately $296,000. Commonwealth Equity Services LLC lifted its position in Fidelity Crypto Industry and Digital Payments ETF by 41.7% in the second 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 last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the first quarter valued at approximately $9,474,000.

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.