Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 99.1% in August

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant 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. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 43,456 shares, the short-interest ratio is currently 0.3 days.

Fidelity Disruptive Technology ETF Stock Down 1.8%

Shares of NASDAQ:FDTX opened at $54.58 on Friday. The company has a market cap of $289.27 million, a price-to-earnings ratio of 36.21 and a beta of 1.72. The business has a 50 day moving average price of $53.79 and a 200 day moving average price of $47.71. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $62.47.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Fidelity Disruptive Technology ETF by 693.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after purchasing an additional 82,859 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the third quarter valued at about $2,781,000. Commonwealth Equity Services LLC grew its position in Fidelity Disruptive Technology ETF by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock worth $2,254,000 after buying an additional 3,307 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Fidelity Disruptive Technology ETF during the third quarter worth about $1,912,000. Finally, Jane Street Group LLC increased its stake in Fidelity Disruptive Technology ETF by 545.6% during the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after acquiring an additional 38,912 shares during the period.

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.