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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 64,600 shares, a growth of 50.2% from the January 31st total of 43,000 shares. Based on an average daily trading volume, of 19,700 shares, the short-interest ratio is presently 3.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at about $212,000. BXM Wealth LLC bought a new stake in Fidelity Disruptive Technology ETF during the 4th quarter valued at approximately $218,000. Commonwealth Equity Services LLC purchased a new stake in Fidelity Disruptive Technology ETF in the fourth quarter worth $305,000. Finally, Kovack Advisors Inc. increased its stake in shares of Fidelity Disruptive Technology ETF by 17.4% in the 3rd quarter. Kovack Advisors Inc. now owns 9,125 shares of the company’s stock worth $297,000 after acquiring an additional 1,350 shares in the last quarter.

Fidelity Disruptive Technology ETF Stock Performance

Shares of Fidelity Disruptive Technology ETF stock traded down $0.06 during midday trading on Tuesday, reaching $34.04. 26,867 shares of the company’s stock traded hands, compared to its average volume of 24,748. The stock has a 50 day moving average of $36.54 and a 200-day moving average of $34.79. Fidelity Disruptive Technology ETF has a 12 month low of $27.21 and a 12 month high of $38.45. The company has a market cap of $163.05 million, a PE ratio of 35.08 and a beta of 1.67.

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.