The **Fidelity Disruptive Finance ETF** (NASDAQ:FDFF) experienced a notable decrease in short interest during January 2024. As of **January 15**, short interest stood at only **166 shares**, marking a **52.3% decline** from the **348 shares** recorded at the end of December 2023. With an average trading volume of **3,625 shares**, this translates to a days-to-cover ratio of **0.0 days**, indicating that none of the shares are currently short sold.
Institutional Investors Adjust Holdings
Recent trading activity reveals that several hedge funds and institutional investors have adjusted their positions in **FDFF**. **Key Capital Management INC** initiated a new stake in the ETF during the fourth quarter, investing **$25,000**. Similarly, **Raleigh Capital Management Inc.** acquired shares valued at approximately **$39,000** during the same period.
Moreover, **Osaic Holdings Inc.** significantly increased its holdings in **FDFF** by **443.5%** during the second quarter, bringing its total to **1,087 shares** worth **$42,000** after purchasing an additional **887 shares**. **Virtu Financial LLC** also purchased a new stake during the third quarter, valued around **$263,000**. In another significant move, **AE Wealth Management LLC** acquired shares valued at **$381,000** in the second quarter.
Current Stock Performance and Market Insights
On **Friday**, shares of **FDFF** traded down by **$0.66**, bringing the price to **$34.96**. During the trading session, **2,456 shares** changed hands, which is slightly below the ETF’s average volume of **3,523 shares**. Over the past year, the stock has fluctuated between a low of **$29.92** and a high of **$39.70**. As of now, the fund boasts a market capitalization of **$45.45 million**, a price-to-earnings (P/E) ratio of **24.27**, and a beta of **1.32**. The ETF’s 50-day moving average stands at **$35.70**, while the two-hundred-day moving average is at **$36.34**.
The **Fidelity Disruptive Finance ETF** primarily invests in stocks that are part of a specific theme, focusing on companies within the finance industry that aim to innovate and fundamentally change how financial products and services are delivered. Launched on **April 16, 2020**, the fund is actively managed by **Fidelity**.
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