Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Update

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,697 shares, an increase of 846.0% from the April 15th total of 1,025 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 18,500 shares, the short-interest ratio is presently 0.5 days.

Fidelity Disruptive Technology ETF Stock Down 3.5%

Shares of NASDAQ:FDTX traded down $1.76 during midday trading on Tuesday, hitting $48.54. 16,614 shares of the stock traded hands, compared to its average volume of 18,875. The stock has a market capitalization of $228.14 million, a PE ratio of 36.21 and a beta of 1.66. The business’s 50 day moving average is $40.91 and its two-hundred day moving average is $40.66. Fidelity Disruptive Technology ETF has a one year low of $34.66 and a one year high of $50.52.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. VestGen Advisors LLC purchased a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter valued at about $224,000. Osaic Holdings Inc. increased its position in shares of Fidelity Disruptive Technology ETF by 336.9% during the fourth quarter. Osaic Holdings Inc. now owns 5,898 shares of the company’s stock valued at $240,000 after buying an additional 4,548 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter valued at about $31,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Disruptive Technology ETF by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock valued at $2,254,000 after buying an additional 3,307 shares during the period. Finally, LPL Financial LLC increased its position in shares of Fidelity Disruptive Technology ETF by 16.4% during the fourth quarter. LPL Financial LLC now owns 7,086 shares of the company’s stock valued at $289,000 after buying an additional 1,000 shares during the period.

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.