Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 8.5% in October

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 49,700 shares, a drop of 8.5% from the October 15th total of 54,300 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 2.8 days.

Fidelity Disruptive Technology ETF Stock Performance

Shares of NASDAQ FDTX traded up $0.09 during mid-day trading on Monday, reaching $34.78. The company’s stock had a trading volume of 19,269 shares, compared to its average volume of 30,236. The stock has a 50-day moving average of $33.18 and a two-hundred day moving average of $32.48. The stock has a market capitalization of $163.47 million, a P/E ratio of 39.22 and a beta of 1.67. Fidelity Disruptive Technology ETF has a 1-year low of $25.94 and a 1-year high of $35.97.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Disruptive Technology ETF stock. Kovack Advisors Inc. lifted its position in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,125 shares of the company’s stock after buying an additional 1,350 shares during the quarter. Kovack Advisors Inc. owned approximately 0.19% of Fidelity Disruptive Technology ETF worth $297,000 at the end of the most recent reporting period.

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.