Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Large Decrease in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 23,683 shares, a decrease of 78.5% from the September 30th total of 109,941 shares. Based on an average daily trading volume, of 43,188 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Trading of Fidelity Disruptive Technology ETF

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF during the second quarter worth $91,000. Root Financial Partners LLC acquired a new position in Fidelity Disruptive Technology ETF in the 3rd quarter valued at $140,000. IFP Advisors Inc increased its stake in Fidelity Disruptive Technology ETF by 186.6% in the 3rd quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock valued at $163,000 after buying an additional 1,803 shares during the period. Cetera Investment Advisers purchased a new position in Fidelity Disruptive Technology ETF during the 1st quarter worth $259,000. Finally, Citadel Advisors LLC raised its position in Fidelity Disruptive Technology ETF by 14.4% during the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after buying an additional 7,277 shares during the last quarter.

Fidelity Disruptive Technology ETF Stock Up 1.5%

NASDAQ FDTX opened at $54.06 on Tuesday. Fidelity Disruptive Technology ETF has a 52-week low of $34.84 and a 52-week high of $62.47. The business’s 50-day moving average price is $56.12 and its 200 day moving average price is $48.62. The firm has a market cap of $302.74 million, a P/E ratio of 36.21 and a beta of 1.69.

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.