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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 41,734 shares, an increase of 330.4% from the April 30th total of 9,697 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 31,346 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth $31,000. Sunbelt Securities Inc. bought a new position in shares of Fidelity Disruptive Technology ETF during the third quarter worth $34,000. High Point Wealth Management LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth $41,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Disruptive Technology ETF by 1,017.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $45,000 after purchasing an additional 956 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth $205,000.

Fidelity Disruptive Technology ETF Stock Up 1.3%

Shares of NASDAQ FDTX opened at $54.00 on Friday. The company’s fifty day moving average is $44.28 and its 200-day moving average is $41.50. The stock has a market cap of $253.80 million, a price-to-earnings ratio of 36.21 and a beta of 1.66. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $54.06.

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.