Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Increases By 99.1%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,379 shares, a growth of 99.1% from the July 30th total of 7,223 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 43,456 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in Fidelity Disruptive Technology ETF during the fourth quarter worth about $31,000. Sunbelt Securities Inc. purchased a new stake in Fidelity Disruptive Technology ETF in the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in 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 buying an additional 956 shares during the period. Creative Planning acquired a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter valued at about $211,000. Finally, VestGen Advisors LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at about $224,000.

Fidelity Disruptive Technology ETF Price Performance

FDTX traded down $0.26 during trading on Monday, hitting $54.32. The company’s stock had a trading volume of 21,428 shares, compared to its average volume of 34,804. The firm’s 50 day moving average price is $53.79 and its 200-day moving average price is $47.77. The stock has a market cap of $287.90 million, a PE ratio of 36.21 and a beta of 1.72. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $62.47.

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.