Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Update

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,223 shares, an increase of 204.5% from the November 30th total of 730 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 12,771 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 12,771 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new stake in Fidelity Disruptive Technology ETF in the third quarter valued at $34,000. Kovack Advisors Inc. boosted its position in shares of Fidelity Disruptive Technology ETF by 10.4% during the 3rd quarter. Kovack Advisors Inc. now owns 9,315 shares of the company’s stock worth $378,000 after purchasing an additional 880 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Disruptive Technology ETF by 24.9% in the 3rd 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 period. Creative Planning bought a new stake in Fidelity Disruptive Technology ETF in the 3rd quarter valued at about $211,000. Finally, Advisory Services Network LLC acquired a new position in Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $240,000.

Fidelity Disruptive Technology ETF Stock Performance

Shares of FDTX stock remained flat at $41.24 during trading hours on Friday. 3,974 shares of the stock traded hands, compared to its average volume of 19,364. The stock has a market capitalization of $197.95 million, a price-to-earnings ratio of 36.21 and a beta of 1.52. Fidelity Disruptive Technology ETF has a one year low of $26.71 and a one year high of $43.80. The company’s fifty day simple moving average is $40.90 and its 200 day simple moving average is $39.82.

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.