Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Decreases By 52.7%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 22,442 shares, a drop of 52.7% from the May 31st total of 47,407 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 74,136 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDTX. Cetera Investment Advisers bought a new stake in Fidelity Disruptive Technology ETF during the first quarter worth about $259,000. VestGen Advisors LLC bought a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $224,000. Osaic Holdings Inc. raised its stake in shares of Fidelity Disruptive Technology ETF by 336.9% in the fourth quarter. Osaic Holdings Inc. now owns 5,898 shares of the company’s stock valued at $240,000 after acquiring an additional 4,548 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth approximately $31,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of 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 acquiring an additional 3,307 shares in the last quarter.

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ:FDTX traded down $1.34 on Wednesday, hitting $56.56. The stock had a trading volume of 68,918 shares, compared to its average volume of 31,489. The firm’s 50 day moving average price is $51.80 and its 200-day moving average price is $43.93. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $62.47. The company has a market capitalization of $265.83 million, a price-to-earnings ratio of 36.21 and a beta of 1.73.

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.