Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Significant Drop in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,364 shares, a drop of 53.0% from the February 12th total of 2,904 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 17,912 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 17,912 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Fidelity Disruptive Technology ETF Price Performance

Shares of Fidelity Disruptive Technology ETF stock traded down $0.75 during trading on Thursday, hitting $38.23. The company’s stock had a trading volume of 10,416 shares, compared to its average volume of 18,511. The stock has a market cap of $179.68 million, a price-to-earnings ratio of 36.21 and a beta of 1.52. Fidelity Disruptive Technology ETF has a 52 week low of $26.71 and a 52 week high of $43.80. The stock has a 50-day moving average price of $39.77 and a two-hundred day moving average price of $40.27.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Fidelity Disruptive Technology ETF by 693.0% during the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after acquiring an additional 82,859 shares during the last quarter. Citadel Advisors LLC bought a new position in Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $2,781,000. BXM Wealth LLC raised its holdings in Fidelity Disruptive Technology ETF by 254.6% during the 4th quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock worth $3,053,000 after purchasing an additional 53,798 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the 3rd quarter worth approximately $1,912,000. Finally, Jane Street Group LLC lifted its position in shares of Fidelity Disruptive Technology ETF by 545.6% in the 1st quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock worth $1,450,000 after purchasing an additional 38,912 shares during the period.

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.