Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Large Decrease in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 23,683 shares, a decline of 78.5% from the September 30th total of 109,941 shares. Based on an average daily volume of 43,188 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Fidelity Disruptive Technology ETF Trading Up 1.5%

NASDAQ FDTX opened at $54.06 on Tuesday. The stock has a market capitalization of $302.74 million, a price-to-earnings ratio of 36.21 and a beta of 1.69. The business’s 50 day moving average is $56.12 and its two-hundred day moving average is $48.62. Fidelity Disruptive Technology ETF has a 12-month low of $34.84 and a 12-month high of $62.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC raised its position in Fidelity Disruptive Technology ETF by 14.4% in the second quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after acquiring an additional 7,277 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Fidelity Disruptive Technology ETF during the 1st quarter worth $259,000. IFP Advisors Inc boosted its position in shares of Fidelity Disruptive Technology ETF by 186.6% during the 3rd quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock worth $163,000 after purchasing an additional 1,803 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth $140,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 2nd quarter worth $91,000.

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.