Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Update

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large drop in short interest in 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 trading volume, of 33,612 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Fidelity Disruptive Technology ETF by 693.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock valued at $3,699,000 after purchasing an additional 82,859 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Fidelity Disruptive Technology ETF in the third quarter worth approximately $2,781,000. Flow Traders U.S. LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF during the third quarter valued at approximately $1,912,000. Jane Street Group LLC grew its holdings in shares of Fidelity Disruptive Technology ETF by 545.6% during the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after buying an additional 38,912 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF during the third quarter valued at approximately $421,000.

Fidelity Disruptive Technology ETF Trading Up 1.1%

Shares of NASDAQ:FDTX opened at $54.63 on Friday. The stock has a fifty day simple moving average of $53.47 and a two-hundred day simple moving average of $48.80. The stock has a market capitalization of $289.54 million, a price-to-earnings ratio of 36.21 and a beta of 1.73. Fidelity Disruptive Technology ETF has a 12-month low of $34.84 and a 12-month high of $62.47.

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.