Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,751 shares, a drop of 60.0% from the August 15th total of 14,379 shares. Based on an average daily volume of 33,612 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
Fidelity Disruptive Technology ETF Price Performance
FDTX stock opened at $54.63 on Friday. Fidelity Disruptive Technology ETF has a 1-year low of $34.84 and a 1-year high of $62.47. The business has a fifty day moving average price of $53.47 and a 200-day moving average price of $48.80. The stock has a market capitalization of $289.54 million, a P/E ratio of 36.21 and a beta of 1.73.
Institutional Investors Weigh In On Fidelity Disruptive Technology ETF
Several large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Fidelity Disruptive Technology ETF during the 4th quarter valued at about $31,000. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $45,000 after acquiring an additional 956 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity Disruptive Technology ETF during the second quarter valued at approximately $91,000. Finally, Creative Planning purchased a new position in shares of Fidelity Disruptive Technology ETF during the third quarter valued at approximately $211,000.
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.
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