Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Sees Significant Increase in Short Interest

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,223 shares, a growth of 204.5% from the November 30th total of 730 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 12,771 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 12,771 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Fidelity Disruptive Technology ETF Stock Performance

FDTX stock opened at $41.28 on Friday. Fidelity Disruptive Technology ETF has a fifty-two week low of $26.71 and a fifty-two week high of $43.80. The firm has a market capitalization of $198.14 million, a price-to-earnings ratio of 36.21 and a beta of 1.52. The company’s 50 day moving average price is $40.91 and its 200 day moving average price is $39.87.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Several hedge funds have recently added to or reduced their stakes in FDTX. Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter valued at about $34,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $240,000. Susquehanna International Group LLP acquired a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $315,000. Flow Traders U.S. LLC purchased a new stake in Fidelity Disruptive Technology ETF in the 3rd quarter valued at approximately $1,912,000. Finally, Citadel Advisors LLC acquired a new stake in Fidelity Disruptive Technology ETF during the 3rd quarter valued at $2,781,000.

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.