Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Significant Drop in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 22,442 shares, a drop of 52.7% from the May 31st total of 47,407 shares. Based on an average daily volume of 74,136 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Fidelity Disruptive Technology ETF Price Performance

Shares of NASDAQ FDTX opened at $56.24 on Thursday. Fidelity Disruptive Technology ETF has a 1 year low of $34.84 and a 1 year high of $62.47. The company’s 50-day moving average is $52.04 and its 200 day moving average is $44.04. The stock has a market capitalization of $264.33 million, a P/E ratio of 36.21 and a beta of 1.73.

Institutional Trading of Fidelity Disruptive Technology ETF

Several large investors have recently bought and sold shares of the company. BXM Wealth LLC boosted 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 valued at $3,053,000 after buying an additional 53,798 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Fidelity Disruptive Technology ETF in the 3rd quarter worth about $1,912,000. Citadel Advisors LLC purchased a new position in Fidelity Disruptive Technology ETF during the 3rd quarter valued at about $2,781,000. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 82,859 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Fidelity Disruptive Technology ETF by 6.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock valued at $2,254,000 after acquiring an additional 3,307 shares during the 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. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.