Fidelity Digital Health ETF (BATS:FDHT) Shares Down 10.3% – Should You Sell?

Fidelity Digital Health ETF (BATS:FDHT) shares traded down 10.3% on Tuesday . The company traded as low as $21.79 and last traded at $19.81. 8,910 shares were traded during mid-day trading, an increase of 344% from the average session volume of 2,007 shares. The stock had previously closed at $22.09.

Fidelity Digital Health ETF Stock Down 10.3 %

The firm has a market cap of $7.92 million, a price-to-earnings ratio of 37.21 and a beta of 1.14. The business’s 50-day simple moving average is $20.71 and its two-hundred day simple moving average is $20.41.

Institutional Trading of Fidelity Digital Health ETF

An institutional investor recently bought a new position in Fidelity Digital Health ETF stock. Citadel Advisors LLC acquired a new stake in Fidelity Digital Health ETF (BATS:FDHT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,832 shares of the company’s stock, valued at approximately $290,000. Citadel Advisors LLC owned 2.97% of Fidelity Digital Health ETF at the end of the most recent quarter.

About Fidelity Digital Health ETF

The Fidelity Digital Health ETF (FDHT) is an exchange-traded fund that is based on the Fidelity Digital Health index, a market-cap-weighted index of globally-listed companies involved in digital health technologies. FDHT was launched on Oct 5, 2021 and is managed by Fidelity.