Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Trading Down 5.2%

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) traded down 5.2% during mid-day trading on Thursday . The stock traded as low as $28.07 and last traded at $28.47. 48,350 shares were traded during mid-day trading, a decline of 39% from the average session volume of 78,908 shares. The stock had previously closed at $30.03.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 6.8 %

The firm has a 50-day moving average of $29.86 and a 200-day moving average of $27.23. The stock has a market capitalization of $95.47 million, a price-to-earnings ratio of 10.94 and a beta of 3.84.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its holdings 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. Sunbelt Securities Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the first quarter valued at $305,000. Atria Wealth Solutions Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the fourth quarter valued at $296,000. Finally, Jane Street Group LLC purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF in the first quarter valued at $9,474,000.

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.