Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 77.8% in December

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 493 shares, a decrease of 77.8% from the December 15th total of 2,223 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,961 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 10,961 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Fidelity Disruptive Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Fidelity Disruptive Technology ETF by 693.0% in the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock valued at $3,699,000 after buying an additional 82,859 shares during the period. Citadel Advisors LLC bought a new stake in Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $2,781,000. Flow Traders U.S. LLC acquired a new position in Fidelity Disruptive Technology ETF in the 3rd quarter valued at approximately $1,912,000. Jane Street Group LLC increased its position in Fidelity Disruptive Technology ETF by 545.6% in the 1st quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after acquiring an additional 38,912 shares during the period. Finally, BXM Wealth LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the second quarter valued at $835,000.

Fidelity Disruptive Technology ETF Price Performance

Shares of NASDAQ FDTX traded down $0.37 during mid-day trading on Tuesday, hitting $41.57. 20,109 shares of the stock traded hands, compared to its average volume of 15,752. Fidelity Disruptive Technology ETF has a twelve month low of $26.71 and a twelve month high of $43.80. The company has a market cap of $199.51 million, a PE ratio of 36.21 and a beta of 1.52. The firm has a 50 day simple moving average of $40.71 and a two-hundred day simple moving average of $40.20.

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.