Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 154.9% in January

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,796 shares, an increase of 154.9% from the January 15th total of 1,097 shares. Based on an average trading volume of 22,374 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 22,374 shares, the short-interest ratio is currently 0.1 days.

Fidelity Disruptive Technology ETF Price Performance

Fidelity Disruptive Technology ETF stock traded up $0.20 during mid-day trading on Friday, reaching $38.38. The stock had a trading volume of 20,626 shares, compared to its average volume of 19,914. Fidelity Disruptive Technology ETF has a one year low of $26.71 and a one year high of $43.80. The company has a 50-day moving average price of $40.58 and a two-hundred day moving average price of $40.34. The company has a market capitalization of $180.39 million, a price-to-earnings ratio of 36.21 and a beta of 1.52.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Fidelity Disruptive Technology ETF in the 4th quarter valued at approximately $31,000. Commonwealth Equity Services LLC raised its position in Fidelity Disruptive Technology ETF by 6.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock worth $2,254,000 after buying an additional 3,307 shares during the last quarter. LPL Financial LLC lifted its holdings in Fidelity Disruptive Technology ETF by 16.4% in the fourth quarter. LPL Financial LLC now owns 7,086 shares of the company’s stock valued at $289,000 after acquiring an additional 1,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 worth $45,000 after buying an additional 956 shares during the last quarter. Finally, High Point Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at $41,000.

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.