Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Decreases By 30.8%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 54,300 shares, a decline of 30.8% from the September 30th total of 78,500 shares. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Fidelity Disruptive Technology ETF

An institutional investor recently bought a new position in Fidelity Disruptive Technology ETF stock. Kovack Advisors Inc. acquired a new position in shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,775 shares of the company’s stock, valued at approximately $248,000. Kovack Advisors Inc. owned approximately 0.17% of Fidelity Disruptive Technology ETF at the end of the most recent reporting period.

Fidelity Disruptive Technology ETF Price Performance

FDTX stock traded up $0.18 during midday trading on Friday, hitting $33.55. The stock had a trading volume of 10,755 shares, compared to its average volume of 31,317. The business has a 50-day moving average of $32.38 and a two-hundred day moving average of $32.07. The firm has a market cap of $157.69 million, a price-to-earnings ratio of 39.22 and a beta of 1.67. Fidelity Disruptive Technology ETF has a 52-week low of $22.25 and a 52-week high of $34.62.

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.