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

by · The Markets Daily

Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) saw a large drop in short interest in 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. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 74,136 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BXM Wealth LLC lifted its holdings in shares of Fidelity Disruptive Technology ETF by 254.6% in 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. Susquehanna International Group LLP bought a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter valued at $315,000. LPL Financial LLC grew its holdings in shares of Fidelity Disruptive Technology ETF by 16.4% during the 4th quarter. LPL Financial LLC now owns 7,086 shares of the company’s stock valued at $289,000 after purchasing an additional 1,000 shares during the last quarter. Advisory Services Network LLC purchased a new position in Fidelity Disruptive Technology ETF in the 3rd quarter worth $240,000. Finally, Osaic Holdings Inc. raised its position in Fidelity Disruptive Technology ETF by 336.9% in the 4th quarter. Osaic Holdings Inc. now owns 5,898 shares of the company’s stock worth $240,000 after purchasing an additional 4,548 shares during the period.

Fidelity Disruptive Technology ETF Stock Performance

NASDAQ:FDTX traded up $1.25 during mid-day trading on Tuesday, reaching $57.90. The stock had a trading volume of 56,194 shares, compared to its average volume of 31,189. The stock has a market capitalization of $272.13 million, a P/E ratio of 36.21 and a beta of 1.73. The firm has a 50 day moving average price of $51.51 and a two-hundred day moving average price of $43.82. Fidelity Disruptive Technology ETF has a one year low of $34.84 and a one year high of $62.47.

Fidelity Disruptive Technology ETF Company Profile

(Get Free Report)

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.

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