Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Up 25% – Should You Buy?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s stock price was up 25% during mid-day trading on Friday . The company traded as high as $13.7199 and last traded at $16.7250. Approximately 13,049 shares changed hands during trading, an increase of 39% from the average daily volume of 9,416 shares. The stock had previously closed at $13.3850.

Fidelity Electric Vehicles and Future Transportation ETF Stock Up 25.0%

The stock has a market cap of $31.78 million, a PE ratio of 21.91 and a beta of 1.36. The company’s fifty day moving average is $16.80 and its 200 day moving average is $16.27.

Hedge Funds Weigh In On Fidelity Electric Vehicles and Future Transportation ETF

A hedge fund recently raised its stake in Fidelity Electric Vehicles and Future Transportation ETF stock. Flow Traders U.S. LLC boosted its stake in Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) by 58.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,501 shares of the company’s stock after purchasing an additional 16,076 shares during the period. Flow Traders U.S. LLC owned approximately 2.29% of Fidelity Electric Vehicles and Future Transportation ETF worth $644,000 at the end of the most recent reporting period.

Fidelity Electric Vehicles and Future Transportation ETF Company Profile

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.