Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 109,941 shares, an increase of 1,503.6% from the September 15th total of 6,856 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 39,897 shares, the days-to-cover ratio is currently 2.8 days.
Fidelity Disruptive Technology ETF Price Performance
Shares of Fidelity Disruptive Technology ETF stock traded up $1.21 during trading on Friday, hitting $60.13. 18,962 shares of the company’s stock traded hands, compared to its average volume of 35,688. Fidelity Disruptive Technology ETF has a 1 year low of $34.84 and a 1 year high of $62.47. The business has a 50-day simple moving average of $55.98 and a 200-day simple moving average of $51.52. The stock has a market capitalization of $324.70 million, a P/E ratio of 36.21 and a beta of 1.69.
Institutional Trading of Fidelity Disruptive Technology ETF
A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the second quarter worth approximately $91,000. Citadel Advisors LLC lifted its position in Fidelity Disruptive Technology ETF by 14.4% during the second quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock valued at $3,345,000 after purchasing an additional 7,277 shares during the period. Finally, Cetera Investment Advisers bought a new position in Fidelity Disruptive Technology ETF during the first quarter valued at approximately $259,000.
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.
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