Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Down 0.8% – Here’s Why

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price was down 0.8% on Monday . The stock traded as low as $17.94 and last traded at $17.94. Approximately 4,586 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 10,550 shares. The stock had previously closed at $18.09.

Fidelity Electric Vehicles and Future Transportation ETF Trading Down 0.8%

The stock has a 50 day simple moving average of $19.49 and a 200-day simple moving average of $18.08. The firm has a market cap of $34.09 million, a PE ratio of 21.91 and a beta of 1.36.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Fidelity Electric Vehicles and Future Transportation ETF during the 2nd quarter valued at approximately $203,000. EFG International AG purchased a new position in Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth approximately $33,000. Finally, OLD Mission Capital LLC bought a new position in Fidelity Electric Vehicles and Future Transportation ETF in the 4th quarter worth approximately $539,000.

About Fidelity Electric Vehicles and Future Transportation ETF

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.