On Tuesday, shares of the Fidelity Electric Vehicles and Future Transportation ETF (FDRV) fell below their 200-day moving average of $17.78, trading as low as $17.59 per share, a drop of approximately 3.3% for the day. The current trading price stands at $17.65, which marks a 52-week low for the ETF, while its 52-week high reached $18.40.
The performance of FDRV highlights notable volatility, with the ETF currently trading at a significant distance from its 200-day average, indicating potential concerns in the electric vehicle and transportation sector.
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