Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 8.5% in October

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 49,700 shares, a decline of 8.5% from the October 15th total of 54,300 shares. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Disruptive Technology ETF stock. Dana Investment Advisors Inc. purchased a new stake in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,908 shares of the company’s stock, valued at approximately $230,000. Dana Investment Advisors Inc. owned about 0.14% of Fidelity Disruptive Technology ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ FDTX traded up $0.09 during mid-day trading on Monday, hitting $34.78. The stock had a trading volume of 19,269 shares, compared to its average volume of 30,236. The firm has a market cap of $163.47 million, a PE ratio of 39.22 and a beta of 1.67. The company has a 50 day moving average of $33.18 and a two-hundred day moving average of $32.48. Fidelity Disruptive Technology ETF has a twelve month low of $25.94 and a twelve month high of $35.97.

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.