Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Expands By 50.2%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 64,600 shares, an increase of 50.2% from the January 31st total of 43,000 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is presently 3.3 days.

Fidelity Disruptive Technology ETF Trading Down 0.2 %

FDTX traded down $0.06 during trading hours on Tuesday, hitting $34.04. The company’s stock had a trading volume of 26,867 shares, compared to its average volume of 24,748. Fidelity Disruptive Technology ETF has a 12 month low of $27.21 and a 12 month high of $38.45. The business’s 50-day moving average price is $36.54 and its 200-day moving average price is $34.79. The stock has a market cap of $163.05 million, a price-to-earnings ratio of 35.08 and a beta of 1.67.

Institutional Trading of Fidelity Disruptive Technology ETF

Large investors have recently made changes to their positions in the business. Kovack Advisors Inc. grew its position in Fidelity Disruptive Technology ETF by 17.4% in the third quarter. Kovack Advisors Inc. now owns 9,125 shares of the company’s stock worth $297,000 after acquiring an additional 1,350 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Fidelity Disruptive Technology ETF during the 4th quarter valued at $305,000. BXM Wealth LLC bought a new stake in Fidelity Disruptive Technology ETF in the fourth quarter worth $218,000. Finally, Venturi Wealth Management LLC bought a new stake in Fidelity Disruptive Technology ETF in the fourth quarter worth $212,000.

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.