Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Sees Large Drop in Short Interest

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 55,700 shares, a decline of 5.3% from the October 15th total of 58,800 shares. Based on an average daily trading volume, of 46,800 shares, the days-to-cover ratio is presently 1.2 days.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 0.9 %

Shares of FDIG stock opened at $36.49 on Tuesday. Fidelity Crypto Industry and Digital Payments ETF has a 12 month low of $17.33 and a 12 month high of $41.68. The company has a 50 day simple moving average of $29.39 and a two-hundred day simple moving average of $28.55. The stock has a market cap of $131.36 million, a P/E ratio of 10.94 and a beta of 3.84.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the first quarter worth about $9,474,000. Commonwealth Equity Services LLC increased its holdings in Fidelity Crypto Industry and Digital Payments ETF by 41.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,306 shares of the company’s stock worth $334,000 after acquiring an additional 3,325 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake 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 worth $229,000 after acquiring an additional 5,172 shares during the period.

About Fidelity Crypto Industry and Digital Payments ETF

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.