Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 75.6% in July

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 7,223 shares, an increase of 75.6% from the July 15th total of 4,113 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 45,361 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Fidelity Disruptive Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Fidelity Disruptive Technology ETF during the 4th quarter valued at about $31,000. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF during the third quarter worth approximately $34,000. High Point Wealth Management LLC acquired a new position in Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $45,000 after buying an additional 956 shares during the period. Finally, Creative Planning bought a new position in Fidelity Disruptive Technology ETF in the third quarter valued at approximately $211,000.

Fidelity Disruptive Technology ETF Stock Performance

FDTX traded up $0.47 during mid-day trading on Monday, reaching $57.19. The stock had a trading volume of 30,226 shares, compared to its average volume of 35,046. The firm’s fifty day simple moving average is $53.95 and its two-hundred day simple moving average is $46.73. The stock has a market capitalization of $303.11 million, a P/E ratio of 36.21 and a beta of 1.72. Fidelity Disruptive Technology ETF has a 52 week low of $34.84 and a 52 week high of $62.47.

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.