Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Short Interest Declines 80.4%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,634 shares, a decline of 80.4% from the October 15th total of 23,683 shares. Based on an average trading volume of 35,738 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ:FDTX traded down $0.92 on Friday, hitting $49.14. The company’s stock had a trading volume of 42,169 shares, compared to its average volume of 37,676. The company has a market capitalization of $275.18 million, a price-to-earnings ratio of 31.97 and a beta of 1.75. Fidelity Disruptive Technology ETF has a 12 month low of $34.84 and a 12 month high of $62.47. The stock’s 50-day moving average is $55.04 and its two-hundred day moving average is $49.28.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth about $52,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the 2nd quarter worth approximately $91,000. Harbour Investments Inc. acquired a new stake in shares of Fidelity Disruptive Technology ETF in the 3rd quarter worth approximately $95,000. IFP Advisors Inc lifted its stake in shares of Fidelity Disruptive Technology ETF by 186.6% in the 3rd quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock worth $163,000 after acquiring an additional 1,803 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of Fidelity Disruptive Technology ETF in the third quarter valued at approximately $140,000.

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.