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

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 21,300 shares, an increase of 31.5% from the February 28th total of 16,200 shares. Based on an average trading volume of 85,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Fidelity Crypto Industry and Digital Payments ETF Trading Up 3.0 %

NASDAQ FDIG traded up $0.76 during midday trading on Wednesday, hitting $25.83. The company had a trading volume of 25,864 shares, compared to its average volume of 74,971. The company has a market capitalization of $139.48 million, a PE ratio of 16.25 and a beta of 3.84. Fidelity Crypto Industry and Digital Payments ETF has a twelve month low of $22.50 and a twelve month high of $43.70. The firm has a 50-day moving average price of $30.39 and a 200-day moving average price of $32.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FDIG. Sunbelt Securities Inc. raised its position in Fidelity Crypto Industry and Digital Payments ETF by 23.0% in the fourth quarter. Sunbelt Securities Inc. now owns 10,329 shares of the company’s stock valued at $340,000 after purchasing an additional 1,929 shares during the last quarter. GTS Securities LLC bought a new position in Fidelity Crypto Industry and Digital Payments ETF during the 4th quarter worth $1,056,000. Torno Capital LLC bought a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $5,848,000. Glass Jacobson Investment Advisors llc increased its stake in shares of Fidelity Crypto Industry and Digital Payments ETF by 36.3% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,956 shares of the company’s stock valued at $64,000 after buying an additional 521 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $921,000.

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.