Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Significant Growth in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,223 shares, an increase of 75.6% from the July 15th total of 4,113 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 45,361 shares, the short-interest ratio is presently 0.2 days.

Fidelity Disruptive Technology ETF Price Performance

Shares of FDTX traded up $0.47 during midday trading on Monday, hitting $57.19. The stock had a trading volume of 30,226 shares, compared to its average volume of 35,046. The company has a 50 day simple moving average of $53.95 and a two-hundred day simple moving average of $46.73. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $62.47. The firm has a market cap of $303.11 million, a price-to-earnings ratio of 36.21 and a beta of 1.72.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDTX. JPMorgan Chase & Co. lifted its position in shares of Fidelity Disruptive Technology ETF by 693.0% in the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after purchasing an additional 82,859 shares in the last quarter. Citadel Advisors LLC acquired a new position in Fidelity Disruptive Technology ETF during the third quarter worth $2,781,000. Flow Traders U.S. LLC bought a new position in Fidelity Disruptive Technology ETF in the third quarter valued at $1,912,000. Jane Street Group LLC grew its position in Fidelity Disruptive Technology ETF by 545.6% in the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after purchasing an additional 38,912 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Fidelity Disruptive Technology ETF in the 3rd quarter valued at $421,000.

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.