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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 41,734 shares, an increase of 330.4% from the April 30th total of 9,697 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 31,346 shares, the days-to-cover ratio is presently 1.3 days.

Fidelity Disruptive Technology ETF Trading Up 1.3%

NASDAQ:FDTX traded up $0.68 during trading hours on Friday, hitting $54.00. 59,093 shares of the company traded hands, compared to its average volume of 21,786. The stock has a market capitalization of $253.80 million, a price-to-earnings ratio of 36.21 and a beta of 1.66. Fidelity Disruptive Technology ETF has a twelve month low of $34.84 and a twelve month high of $54.06. The firm has a 50-day moving average of $44.28 and a 200 day moving average of $41.50.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth about $31,000. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF in the 3rd quarter worth about $34,000. High Point Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth about $41,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $45,000 after purchasing an additional 956 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth about $205,000.

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. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.