Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Short Interest Report for September

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 109,941 shares, a growth of 1,503.6% from the September 15th total of 6,856 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 39,897 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FDTX. Integrated Wealth Concepts LLC bought a new position in Fidelity Disruptive Technology ETF in the second quarter worth approximately $91,000. Cetera Investment Advisers bought a new stake in shares of Fidelity Disruptive Technology ETF during the 1st quarter valued at $259,000. Finally, Citadel Advisors LLC increased its stake in shares of Fidelity Disruptive Technology ETF by 14.4% in 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.

Fidelity Disruptive Technology ETF Stock Performance

Shares of FDTX stock traded up $1.21 on Friday, reaching $60.13. The stock had a trading volume of 18,962 shares, compared to its average volume of 35,688. Fidelity Disruptive Technology ETF has a 1 year low of $34.84 and a 1 year high of $62.47. The stock has a market cap of $324.70 million, a P/E ratio of 36.21 and a beta of 1.69. The company has a 50 day simple moving average of $55.98 and a 200 day simple moving average of $51.52.

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.