Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 90.4% in March

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 2,200 shares, a decrease of 90.4% from the February 28th total of 22,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ:FDTX traded down $0.18 during midday trading on Thursday, reaching $32.91. 2,182 shares of the company’s stock were exchanged, compared to its average volume of 22,776. The company’s 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $34.92. Fidelity Disruptive Technology ETF has a 12 month low of $27.21 and a 12 month high of $38.45. The firm has a market capitalization of $154.65 million, a PE ratio of 33.22 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter valued at approximately $305,000. BXM Wealth LLC acquired a new stake in Fidelity Disruptive Technology ETF in the 4th quarter valued at $218,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the fourth quarter valued at $212,000.

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.