Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 122.5% in January

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,097 shares, a growth of 122.5% from the December 31st total of 493 shares. Based on an average trading volume of 16,895 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 16,895 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Fidelity Disruptive Technology ETF

Several hedge funds have recently added to or reduced their stakes in FDTX. High Point Wealth Management LLC acquired a new position in Fidelity Disruptive Technology ETF during the fourth quarter worth about $41,000. BXM Wealth LLC raised its position in shares of Fidelity Disruptive Technology ETF by 254.6% in the fourth quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock valued at $3,053,000 after buying an additional 53,798 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Fidelity Disruptive Technology ETF during the 4th quarter worth $205,000. Sunbelt Securities Inc. purchased a new position in Fidelity Disruptive Technology ETF during the third quarter worth about $34,000. Finally, Advisory Services Network LLC purchased a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth about $240,000.

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ FDTX traded down $0.86 during trading on Friday, hitting $40.32. 8,809 shares of the company were exchanged, compared to its average volume of 19,975. The company has a fifty day moving average price of $40.84 and a 200-day moving average price of $40.39. The firm has a market capitalization of $193.56 million, a PE ratio of 36.21 and a beta of 1.52. Fidelity Disruptive Technology ETF has a 12-month low of $26.71 and a 12-month high of $43.80.

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.