Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 53.0% in February
by Renee Jackson · The Cerbat GemFidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,364 shares, a drop of 53.0% from the February 12th total of 2,904 shares. Based on an average daily trading volume, of 17,912 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,912 shares, the short-interest ratio is currently 0.1 days.
Fidelity Disruptive Technology ETF Stock Down 1.9%
Shares of NASDAQ FDTX traded down $0.75 during midday trading on Thursday, reaching $38.23. 10,416 shares of the company were exchanged, compared to its average volume of 18,511. The stock’s 50-day moving average price is $39.77 and its 200-day moving average price is $40.27. The stock has a market cap of $179.68 million, a P/E ratio of 36.21 and a beta of 1.52. Fidelity Disruptive Technology ETF has a one year low of $26.71 and a one year high of $43.80.
Institutional Investors Weigh In On Fidelity Disruptive Technology ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of FDTX. Kestra Advisory Services LLC acquired a new position in Fidelity Disruptive Technology ETF in the 4th quarter worth about $31,000. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF during the third quarter worth about $34,000. High Point Wealth Management LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $45,000 after buying an additional 956 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Fidelity Disruptive Technology ETF in the 4th quarter valued at approximately $205,000.
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.