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

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FDIG. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 160.2% during the third quarter. Sunbelt Securities Inc. now owns 8,400 shares of the company’s stock worth $229,000 after buying an additional 5,172 shares during the period. Commonwealth Equity Services LLC boosted its position in Fidelity Crypto Industry and Digital Payments ETF by 41.7% during the second 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 during the last quarter. Finally, Jane Street Group LLC purchased a new position in Fidelity Crypto Industry and Digital Payments ETF during the first quarter worth approximately $9,474,000.

Fidelity Crypto Industry and Digital Payments ETF Trading Up 2.6 %

Shares of NASDAQ:FDIG opened at $37.43 on Wednesday. The company has a market capitalization of $134.75 million, a PE ratio of 10.94 and a beta of 3.84. The business’s fifty day simple moving average is $29.62 and its 200-day simple moving average is $28.63. Fidelity Crypto Industry and Digital Payments ETF has a 12-month low of $17.33 and a 12-month high of $41.68.

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.