Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Grows By 75.6%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 7,223 shares, an increase of 75.6% from the July 15th total of 4,113 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 45,361 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in Fidelity Disruptive Technology ETF in the fourth quarter valued at $31,000. Sunbelt Securities Inc. acquired a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth about $34,000. High Point Wealth Management LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 4th quarter worth about $41,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the 4th 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 period. Finally, Creative Planning bought a new stake in shares of Fidelity Disruptive Technology ETF in the 3rd quarter valued at about $211,000.

Fidelity Disruptive Technology ETF Trading Down 3.8%

Shares of NASDAQ:FDTX traded down $2.18 during trading on Tuesday, hitting $54.88. 9,953 shares of the company were exchanged, compared to its average volume of 34,973. Fidelity Disruptive Technology ETF has a fifty-two week low of $34.84 and a fifty-two week high of $62.47. The stock has a market cap of $290.86 million, a price-to-earnings ratio of 36.21 and a beta of 1.72. The firm has a fifty day moving average price of $54.00 and a two-hundred day moving average price of $46.84.

Fidelity Disruptive Technology ETF Company Profile

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.