Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,751 shares, a decrease of 60.0% from the August 15th total of 14,379 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 33,612 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Fidelity Disruptive Technology ETF
Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC grew its position in Fidelity Disruptive Technology ETF by 14.4% during the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after purchasing an additional 7,277 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Fidelity Disruptive Technology ETF during the 1st quarter valued at $259,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Fidelity Disruptive Technology ETF during the second quarter valued at $91,000.
Fidelity Disruptive Technology ETF Stock Performance
Shares of Fidelity Disruptive Technology ETF stock traded down $0.87 on Monday, reaching $53.76. 36,324 shares of the company were exchanged, compared to its average volume of 34,531. Fidelity Disruptive Technology ETF has a 1-year low of $34.84 and a 1-year high of $62.47. The company’s 50-day moving average is $53.47 and its two-hundred day moving average is $48.87. The firm has a market cap of $284.93 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.
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