Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 13.5% in November

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 43,000 shares, a drop of 13.5% from the October 31st total of 49,700 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is currently 2.6 days.

Fidelity Disruptive Technology ETF Price Performance

FDTX traded up $0.02 during trading on Tuesday, reaching $36.22. The company had a trading volume of 8,848 shares, compared to its average volume of 29,480. The business’s fifty day moving average price is $34.09 and its 200 day moving average price is $32.79. Fidelity Disruptive Technology ETF has a 12 month low of $26.48 and a 12 month high of $36.29. The company has a market cap of $170.23 million, a P/E ratio of 39.22 and a beta of 1.67.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

An institutional investor recently raised its position in Fidelity Disruptive Technology ETF stock. Kovack Advisors Inc. lifted its position in shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,125 shares of the company’s stock after buying an additional 1,350 shares during the period. Kovack Advisors Inc. owned about 0.19% of Fidelity Disruptive Technology ETF worth $297,000 at the end of the most recent quarter.

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.