Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,751 shares, a decrease of 60.0% from the August 15th total of 14,379 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 33,612 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Fidelity Disruptive Technology ETF
Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in Fidelity Disruptive Technology ETF by 14.4% in the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock valued at $3,345,000 after buying an additional 7,277 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Fidelity Disruptive Technology ETF during the first quarter worth $259,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF in the second quarter valued at $91,000.
Fidelity Disruptive Technology ETF Price Performance
Shares of NASDAQ FDTX traded down $0.36 during midday trading on Tuesday, hitting $53.40. The company’s stock had a trading volume of 33,548 shares, compared to its average volume of 34,538. The business’s fifty day simple moving average is $53.45 and its two-hundred day simple moving average is $49.08. Fidelity Disruptive Technology ETF has a 1 year low of $34.84 and a 1 year high of $62.47. The firm has a market capitalization of $320.35 million, a price-to-earnings ratio of 36.21 and a beta of 1.73.
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. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.
Recommended Stories
- Five stocks we like better than Fidelity Disruptive Technology ETF
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for Fidelity Disruptive Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Disruptive Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
