Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Increases By 122.5%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,097 shares, a growth of 122.5% from the December 31st total of 493 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 16,895 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 16,895 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of 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 worth $1,450,000 after purchasing an additional 38,912 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the 2nd quarter valued at about $234,000. BXM Wealth LLC purchased a new position in Fidelity Disruptive Technology ETF during the 2nd quarter worth approximately $835,000. JPMorgan Chase & Co. increased its position in Fidelity Disruptive Technology ETF by 693.0% during the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after buying an additional 82,859 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Fidelity Disruptive Technology ETF by 24.9% in the third quarter. Envestnet Asset Management Inc. now owns 8,031 shares of the company’s stock valued at $326,000 after buying an additional 1,600 shares during the last quarter.

Fidelity Disruptive Technology ETF Stock Performance

Shares of FDTX traded down $0.86 during midday trading on Friday, hitting $40.32. 8,809 shares of the stock were exchanged, compared to its average volume of 19,975. The stock has a fifty day simple moving average of $40.84 and a 200 day simple moving average of $40.40. Fidelity Disruptive Technology ETF has a 52-week low of $26.71 and a 52-week high of $43.80. The firm has a market cap of $193.56 million, a P/E ratio of 36.21 and a beta of 1.52.

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.