Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Short Interest Report for October

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 23,683 shares, a drop of 78.5% from the September 30th total of 109,941 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 43,188 shares, the short-interest ratio is presently 0.5 days.

Fidelity Disruptive Technology ETF Stock Performance

Shares of FDTX stock traded up $0.57 during trading on Wednesday, hitting $55.78. The company had a trading volume of 20,914 shares, compared to its average volume of 35,417. Fidelity Disruptive Technology ETF has a one year low of $34.84 and a one year high of $62.47. The firm has a market capitalization of $312.37 million, a P/E ratio of 36.21 and a beta of 1.69. The stock’s 50-day moving average price is $56.05 and its 200 day moving average price is $48.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC increased its position in shares of Fidelity Disruptive Technology ETF by 14.4% during the second quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock valued at $3,345,000 after acquiring an additional 7,277 shares during the last quarter. Cetera Investment Advisers bought a new stake in Fidelity Disruptive Technology ETF during the first quarter worth about $259,000. IFP Advisors Inc boosted its position in Fidelity Disruptive Technology ETF by 186.6% during the third quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock valued at $163,000 after buying an additional 1,803 shares during the period. Root Financial Partners LLC bought a new position in Fidelity Disruptive Technology ETF during the 3rd quarter valued at approximately $140,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Fidelity Disruptive Technology ETF during the 2nd quarter valued at approximately $91,000.

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.