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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 9,697 shares, a growth of 846.0% from the April 15th total of 1,025 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 0.5 days.

Fidelity Disruptive Technology ETF Trading Down 3.5%

Shares of FDTX traded down $1.76 during mid-day trading on Tuesday, reaching $48.54. 16,614 shares of the stock traded hands, compared to its average volume of 18,875. The firm has a fifty day moving average price of $40.91 and a 200 day moving average price of $40.66. The company has a market cap of $228.14 million, a price-to-earnings ratio of 36.21 and a beta of 1.66. Fidelity Disruptive Technology ETF has a 1 year low of $34.66 and a 1 year high of $50.52.

Institutional Trading of Fidelity Disruptive Technology ETF

A number of hedge funds have recently made changes to their positions in FDTX. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Disruptive Technology ETF by 693.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after acquiring an additional 82,859 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth $2,781,000. BXM Wealth LLC lifted its holdings in shares of Fidelity Disruptive Technology ETF by 254.6% during the 4th quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock worth $3,053,000 after acquiring an additional 53,798 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth $1,912,000. Finally, Jane Street Group LLC lifted its holdings in shares of Fidelity Disruptive Technology ETF by 545.6% during the 1st quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock worth $1,450,000 after acquiring an additional 38,912 shares during the last quarter.

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.