Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) was the target of a significant 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. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 74,136 shares, the days-to-cover ratio is currently 0.3 days.
Fidelity Disruptive Technology ETF Stock Performance
Fidelity Disruptive Technology ETF stock traded up $1.25 during mid-day trading on Tuesday, hitting $57.90. 56,194 shares of the company traded hands, compared to its average volume of 31,189. Fidelity Disruptive Technology ETF has a one year low of $34.84 and a one year high of $62.47. The stock has a market cap of $272.13 million, a price-to-earnings ratio of 36.21 and a beta of 1.73. The stock has a fifty day moving average price of $51.51 and a 200-day moving average price of $43.82.
Institutional Trading of Fidelity Disruptive Technology ETF
Hedge funds have recently made changes to their positions in the stock. BXM Wealth LLC increased its stake in Fidelity Disruptive Technology ETF by 254.6% in the fourth quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock valued at $3,053,000 after acquiring an additional 53,798 shares during the last quarter. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Technology ETF during the third quarter valued at about $421,000. Envestnet Asset Management Inc. lifted its stake in Fidelity Disruptive Technology ETF by 24.9% during the third quarter. Envestnet Asset Management Inc. now owns 8,031 shares of the company’s stock worth $326,000 after purchasing an additional 1,600 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Fidelity Disruptive Technology ETF during the third quarter worth about $315,000. Finally, LPL Financial LLC boosted its holdings in shares of Fidelity Disruptive Technology ETF by 16.4% in the 4th quarter. LPL Financial LLC now owns 7,086 shares of the company’s stock worth $289,000 after purchasing an additional 1,000 shares in the last quarter.
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.
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