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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 90.4% from the February 28th total of 22,900 shares. Based on an average daily trading volume, of 21,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. BXM Wealth LLC bought a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter worth about $218,000. Venturi Wealth Management LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter valued at $212,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth $305,000.

Fidelity Disruptive Technology ETF Price Performance

Shares of FDTX traded down $0.18 on Thursday, hitting $32.91. The company’s stock had a trading volume of 2,182 shares, compared to its average volume of 22,776. The company has a 50 day moving average price of $35.59 and a 200 day moving average price of $34.92. Fidelity Disruptive Technology ETF has a fifty-two week low of $27.21 and a fifty-two week high of $38.45. The company has a market capitalization of $154.65 million, a PE ratio of 33.22 and a beta of 1.67.

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.