Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Rises By 35.7%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 77,500 shares, a growth of 35.7% from the December 31st total of 57,100 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 5.2 days.

Fidelity Disruptive Technology ETF Trading Up 0.1 %

FDTX stock opened at $37.06 on Friday. The firm’s 50-day moving average is $36.38 and its two-hundred day moving average is $33.89. The company has a market capitalization of $170.48 million, a price-to-earnings ratio of 39.22 and a beta of 1.67. Fidelity Disruptive Technology ETF has a 52 week low of $27.21 and a 52 week high of $37.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC acquired a new stake in Fidelity Disruptive Technology ETF in the 4th quarter valued at about $212,000. BXM Wealth LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth approximately $218,000. Dana Investment Advisors Inc. acquired a new stake in Fidelity Disruptive Technology ETF during the second quarter valued at approximately $230,000. Finally, Kovack Advisors Inc. boosted its holdings in Fidelity Disruptive Technology ETF by 17.4% during the third quarter. Kovack Advisors Inc. now owns 9,125 shares of the company’s stock worth $297,000 after buying an additional 1,350 shares in the last quarter.

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.