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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 77,500 shares, an increase of 35.7% from the December 15th total of 57,100 shares. Based on an average daily trading volume, of 14,800 shares, the days-to-cover ratio is currently 5.2 days.

Fidelity Disruptive Technology ETF Stock Up 0.8 %

FDTX stock opened at $36.19 on Friday. The business’s 50-day moving average price is $36.07 and its 200-day moving average price is $33.70. The stock has a market cap of $166.47 million, a P/E ratio of 39.22 and a beta of 1.67. Fidelity Disruptive Technology ETF has a twelve month low of $27.21 and a twelve month high of $37.70.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

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

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.