Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 109,941 shares, a growth of 1,503.6% from the September 15th total of 6,856 shares. Based on an average trading volume of 39,897 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.0% of the company’s stock are sold short.
Hedge Funds Weigh In On Fidelity Disruptive Technology ETF
A number of institutional investors and hedge funds have recently modified their holdings of FDTX. Integrated Wealth Concepts LLC acquired a new stake in Fidelity Disruptive Technology ETF in the second quarter valued at $91,000. Cetera Investment Advisers acquired a new position in shares of Fidelity Disruptive Technology ETF during the 1st quarter worth about $259,000. Finally, Citadel Advisors LLC boosted its position in shares of Fidelity Disruptive Technology ETF by 14.4% during the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after acquiring an additional 7,277 shares in the last quarter.
Fidelity Disruptive Technology ETF Trading Up 2.1%
Shares of NASDAQ:FDTX opened at $60.13 on Friday. Fidelity Disruptive Technology ETF has a 52 week low of $34.84 and a 52 week high of $62.47. The company’s 50 day moving average is $55.98 and its two-hundred day moving average is $51.52. The company has a market cap of $324.70 million, a PE ratio of 36.21 and a beta of 1.69.
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.
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