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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 22,900 shares, a decrease of 64.6% from the February 13th total of 64,600 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

Fidelity Disruptive Technology ETF Price Performance

NASDAQ FDTX traded up $1.03 during trading on Friday, reaching $32.86. The company’s stock had a trading volume of 16,715 shares, compared to its average volume of 23,723. The stock has a market capitalization of $154.44 million, a PE ratio of 35.08 and a beta of 1.67. The firm has a fifty day moving average of $35.99 and a 200 day moving average of $34.78. Fidelity Disruptive Technology ETF has a one year low of $27.21 and a one year high of $38.45.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Institutional investors have recently modified their holdings of the company. Kovack Advisors Inc. increased its position in shares of Fidelity Disruptive Technology ETF by 17.4% during the 3rd quarter. Kovack Advisors Inc. now owns 9,125 shares of the company’s stock valued at $297,000 after purchasing an additional 1,350 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at about $212,000. BXM Wealth LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at about $218,000. Finally, Commonwealth Equity Services LLC bought a new position in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $305,000.

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.