Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Significant Decrease in Short Interest
by Jessica Moore · The Cerbat GemFidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 703 shares, a decline of 71.8% from the March 15th total of 2,496 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 13,816 shares, the days-to-cover ratio is currently 0.1 days.
Fidelity Disruptive Technology ETF Stock Performance
Shares of Fidelity Disruptive Technology ETF stock traded up $0.22 on Friday, hitting $39.71. The stock had a trading volume of 8,936 shares, compared to its average volume of 17,717. The stock has a 50 day moving average of $38.41 and a 200 day moving average of $40.08. Fidelity Disruptive Technology ETF has a twelve month low of $28.79 and a twelve month high of $43.80. The firm has a market capitalization of $186.64 million, a P/E ratio of 36.21 and a beta of 1.49.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in FDTX. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $31,000. Sunbelt Securities Inc. acquired a new position in shares of Fidelity Disruptive Technology ETF in the third quarter valued at approximately $34,000. High Point Wealth Management LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $45,000 after buying an additional 956 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $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.