Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 330.4% in May

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 41,734 shares, a growth of 330.4% from the April 30th total of 9,697 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 31,346 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new position in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $31,000. Sunbelt Securities Inc. acquired a new position in Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $34,000. High Point Wealth Management LLC acquired a new position in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $45,000 after purchasing an additional 956 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Fidelity Disruptive Technology ETF in the fourth quarter valued at about $205,000.

Fidelity Disruptive Technology ETF Stock Performance

Fidelity Disruptive Technology ETF stock opened at $53.32 on Friday. The stock’s 50 day moving average price is $43.98 and its 200 day moving average price is $41.41. The firm has a market capitalization of $250.60 million, a PE ratio of 36.21 and a beta of 1.66. Fidelity Disruptive Technology ETF has a one year low of $34.84 and a one year high of $53.66.

About Fidelity Disruptive Technology ETF

The Fidelity Disruptive Technology ETF (FDTX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.