Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Large Increase in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,379 shares, a growth of 99.1% from the July 30th total of 7,223 shares. Based on an average daily trading volume, of 43,456 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDTX. Jane Street Group LLC increased its stake in shares of Fidelity Disruptive Technology ETF by 545.6% in the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock worth $1,450,000 after purchasing an additional 38,912 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 82,859 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Disruptive Technology ETF by 24.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,031 shares of the company’s stock valued at $326,000 after buying an additional 1,600 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF during the 3rd quarter valued at approximately $421,000. Finally, Creative Planning bought a new position in Fidelity Disruptive Technology ETF in the 3rd quarter worth approximately $211,000.

Fidelity Disruptive Technology ETF Stock Performance

FDTX stock opened at $54.43 on Tuesday. The stock has a fifty day moving average of $53.71 and a 200-day moving average of $47.88. Fidelity Disruptive Technology ETF has a fifty-two week low of $34.84 and a fifty-two week high of $62.47. The company has a market capitalization of $288.48 million, a price-to-earnings ratio of 36.21 and a beta of 1.72.

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.