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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 9,697 shares, an increase of 846.0% from the April 15th total of 1,025 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 18,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Fidelity Disruptive Technology ETF

Several hedge funds have recently modified their holdings of FDTX. JPMorgan Chase & Co. raised its stake 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 valued at $3,699,000 after acquiring an additional 82,859 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter valued at $2,781,000. BXM Wealth LLC raised its stake in shares of Fidelity Disruptive Technology ETF by 254.6% in the fourth quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock valued at $3,053,000 after acquiring an additional 53,798 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter valued at $1,912,000. Finally, Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 38,912 shares in the last quarter.

Fidelity Disruptive Technology ETF Price Performance

Shares of NASDAQ FDTX traded up $0.87 during mid-day trading on Wednesday, hitting $50.13. The company had a trading volume of 34,865 shares, compared to its average volume of 19,193. The company has a market capitalization of $235.61 million, a PE ratio of 36.21 and a beta of 1.66. Fidelity Disruptive Technology ETF has a 1-year low of $34.66 and a 1-year high of $50.52. The business’s 50-day simple moving average is $41.34 and its 200 day simple moving average is $40.78.

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.